Discussion: In congress this week the issue of charging a sales tax for purchases made on the internet was debated and Amazon and eBay each championed opposing points of view. EBay argued that imposing a sales tax would hurt the small businesses that sell goods on their site, while Amazon argued that a low percentage sales tax that applies to all internet transactions would be beneficial for everyone. Currently, internet sellers have a slight advantage because they do not have to charge a sales tax, thus making their goods cheaper.
Source: CNN Money
Date: December 2, 2011
- Should there be a sales tax on purchases made over the internet?
- How would a sales tax on internet purchases affect local businesses?