Legislative solutions are being sought to help states and municipalities recoup lost online tax revenue.
marketplace fairness act
Posted inNews
Mucking up marketplace fairness
The MFA would make Internet retailers unpaid tax collectors for almost 10,000 governmental entities. It sets an arbitrary threshold for small sellers doing $1 million or less in sales — not profits. Think about all of the mom-and-pop shops who sell online. These are the Internet entrepreneurs who have worked hard to provide a fair […]
Posted inNews
Online sales, offline ails
Cyber Monday 2011 was the largest online shopping day in history with $1.25 billion spent. While that doesn’t sound so bad for our national economy, it has a huge, negative impact on businesses and municipalities in Oklahoma. Businesses in Oklahoma are required to collect sales tax from their customers and remit to the state, with […]
Posted inNews
Online sales, offline ails
Cyber Monday 2011 was the largest online shopping day in history with $1.25 billion spent. While that doesn’t sound so bad for our national economy, it has a huge, negative impact on businesses and municipalities in Oklahoma. Businesses in Oklahoma are required to collect sales tax from their customers and remit to the state, with […]