Wednesday, April 14, 2010

Turning Web retailers into tax tattlers

Very few people are aware of this and it comes in force on 15 April.

Internet users accustomed to tax-free online shopping may soon be in for an unpleasant surprise: new laws that will force them to cough up more cash every year on April 15.

An increasing number of politicians, concerned with shrinking budgets and eyeing continuing growth in e-commerce, want to force out-of-state retailers like Amazon.com, Overstock.com, and Blue Nile to tattle to tax collectors about how much in sales taxes their customers have avoided paying.


More government intervention to stave off economic growth.

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