Pitting brick and mortar retailers against small but national internet-only catalogers and retailers without a store front, “Congress is heeding retailers’ calls to level the sales tax playing field between online and brick-and-mortar retailers with the introduction of two bipartisan sales tax fairness bills, the Marketplace Equity Act and the Marketplace Fairness Act. NRF will continue its industry-leading calls to protect Main Street jobs and businesses and shutdown the $24 billion tax loophole.” -NRF.
Read the entire blog post [here]
U.S. Sen. Dick Durbin (D-IL) believes there is bipartisan support for his bill to make online retailers collect sales tax.
The Chronicler will be following this debate and it’s impact on smaller catalogers well into 2012. If you are a smaller cataloger, what impact do you think passage of this legislation have on your business prospects? Please share your comments here.
