US Senate Passes National Internet Sales Tax Mandate
SonicSpike writes with the news that the U.S. Senate yesterday "passed a nonbinding proposal to allow states to collect sales tax on Internet sellers that have no presence within their borders. The proposal was an amendment to a 2014 budget bill that the Senate debated Friday. It was pushed by Senators Mike Enzi, a Wyoming Republican, and Dick Durbin, an Illinois Democrat, and was designed to give backers a sense of whether they had enough votes to push forward with final legislation to impose an Internet sales tax. The vote showed they have plenty of backing to overcome any filibuster seeking to block a final sales tax bill."
So let me get this straight, it is only National Internet Sales Tax. This sounds like a good way to stimulate all economies except the US. I guess I will be buying more stuff from foreign locations. The US already made that cheaper than buying from the US prior with huge import and shipping cost reductions... now not having tax. The only thing the US had for them before was quicker shipping by about a week or two.
I think this will be a nightmare to regulate... although I am sure many online sites will get around it by it not being a first sale doctrine anymore. The store buys things and then resell as second hand items...