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Online Retailers May Soon Need to Collect Sales Tax on ALL Sales

The Marketplace Fairness Act, if signed into law, will empower state governments to require out-of-state online retailers and mail order companies to collect sales tax, or more specifically “use tax”, on interstate sales. To date, online retailers have been required to collect sales tax only if the business has a presence in the same state in which the consumer resides. Currently, if an online retailer sells a product to a consumer living in a different state, the consumer is expected to pay the tax. Most local brick-and-mortar retailers want to change that.  [Continue reading]

Title:   Online Retailers May Soon Need to Collect Sales Tax on ALL Sales

Published: 6 years, 1 month ago

Last update: 13 days ago