Politic365

 
 


National

12:02pm April 30, 2013

Ebay CEO: Don’t Support The Internet Sales Tax Bill

tax1

Ebay’s CEO does not like the so-called Internet Sales Tax bill sponsored by Republican Senator Mike Enzi (Wyo.).

In a mass e-mail on Thursday, President and CEO of Ebay John Donahoe urged Americans to say “No!” to the new legislation and the taxes that will come with it.

“Whether you’re a consumer who loves the incredible selection and value that small businesses provide online, or a small-business seller who relies on the Internet for your livelihood, this legislation potentially affects you,” Donahoe wrote. “For consumers, it means more money out of your pocket when you shop online from your favorite seller or small business shop owner.”

“For small business sellers, it means you would be required to collect sales taxes nationwide from the more than 9,600 tax jurisdictions across the U.S.,” he continued.

Donahoe also noted that business owners could possibly be audited by tax collectors from a state a customer lives in that isn’t necessarily the state where the business is located.

“That’s just wrong, and an unnecessary burden on you,” he wrote.

Big retail businesses are behind the legislation “aggressively lobbying Congress” to pass the Marketplace Fairness Act, says Donahoe, including Amazon.

“And, as they compete with big retail, Amazon is advocating for this legislation too, while at the same time they are seeking local tax exemptions across the country to build warehouses,” he wrote. The National Retail Federation and the Retail Industry Association also support the bill.

The Marketplace Fairness Act gives states the power to collect taxes on internet sales.

It aims to bring “marketplace fairness” because according the bill’s chief sponsor (Enzi) states like his “subsidize” out of state businesses due to businesses not paying their sales taxes in one state but not in others.

“Wyoming shouldn’t subsidize out-of-state and online retailers that operate and sell to people in our state” said Enzi in a statement. “Right now, these retailers can offer lower prices than our local businesses simply because they do not have to charge the same sales tax that all of our local merchants do.”

The bill will receive a vote on May 6 in the U.S. Senate.

Enzi says the bill will not send one dime to Washington, which is true.

However, it may send $20 billion out of the economy and to state
governments, according to estimates in The Hill newspaper. In other words, states believe via estimates that they have foregone $20 billion in new taxes
.

Exemptions are available for businesses that make less than $1 million a year in out-of-state sales. It also requires states where the business is located to provide tax software to help business owners calculate taxes based on the consumer’s zip code.

As mentioned before, this could lead to complications and the slowing of business as business owners would calculate up more than 9,600 different tax jurisdictions.

Donahoe thinks that the above-mentioned $1 million exemption should be expanded to businesses with “less than 50 employees or less than $10 million in annual out-of-state sales.”



About the Author

Christopher Goins
Christopher Goins





 
 

 
HRC1

July 31: Hillary Clinton to Speak at National Urban League Conference

On July 31, former Secretary of State Hillary Clinton will address the National Urban League in Fort Lauderdale, Fl. at their annual conference.  So far in the early 2016 campaign for the White House, Clinton has been vocal a...
by Lauren Victoria Burke
0

 
 
box

Black Unemployment Rate Falls to 9.5% in June from Double Digits in May

Black unemployment drops to 9.5%.  It was 10.4 percent in December 2014 and 10.2 percent in May of 2015 but now Black unemployment is at 9.5 percent for June, according to the Department of Labor. The overall jobless rate for ...
by Lauren Victoria Burke
0

 
 
5440604654_42e18de586_b

Macy’s severs ties to Donald Trump over anti-Mexican remarks

Macy’s department store became the latest business to disassociate itself from GOP presidential candidate and real estate mogul Donald Trump over his anti-Mexican comments. A few weeks ago in making his announcement as a ...
by Adriana Maestas
0

 

Advertisement
 
koch

This is What it Sounds Like When the Koch Brothers Support Justice Reform

Think of the famous motto of the Black Caucus, “no permanent enemies only permanent interests,” as you think of the Koch Brothers supporting a criminal justice reform bill that rolls back over criminalization.  It ...
by Lauren Victoria Burke
1

 
 
fire3

5 Recent Black Church Arsons in SC, NC, GA, TN, FL

In the wake of the racist murders of nine members of the Emanuel AME Church in Charleston, South Carolina on June 16,  there have been five arsons of Black churches in the South.  There is a long history in America regarding ...
by Lauren Victoria Burke
1

 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>