Close Menu
  • For Buyers
    • Retail News
    • Products & Suppliers
    • Ecommerce
    • Marketing & Management
    • Trade Show News
  • For Suppliers
    • Supplier News
    • Marketing & Management
    • Importing
    • Manufacturers
    • Warehousing
    • Finance
    • Show Exhibiting
  • Wholesale 101
  • Trade Show Calendar
  • Wholesale Products
Facebook X (Twitter) Instagram
Saturday, May 31
  • Subscribe
  • Submit Content
  • About Us
    • Contact Us
  • Advertise
    • Display Advertising
    • Email Marketing Campaigns
    • Newsletter Advertising
    • Sponsored Content
    • Lead Generation Services
  • Top Product Sources
Facebook X (Twitter) Instagram
WholesaleCentral.com Blog
  • For Buyers
    • Retail News
    • Products & Suppliers
    • Ecommerce
    • Marketing & Management
    • Trade Show News
  • For Suppliers
    • Supplier News
    • Marketing & Management
    • Importing
    • Manufacturers
    • Warehousing
    • Finance
    • Show Exhibiting
  • Wholesale 101
  • Trade Show Calendar
  • Wholesale Products
WholesaleCentral.com Blog
Home»For Buyers»Retail News»Online Tax Advocates, Opponents Speak Out
Retail News

Online Tax Advocates, Opponents Speak Out

PublisherBy PublisherMarch 25, 2013Updated:February 3, 20232 Mins Read
Facebook Twitter Email
Share
Facebook Twitter Email

efairnessThe U.S. Senate has voted 75 to 24 in favor of proposed nationwide Internet sales taxes, a move that several major U.S. retail groups applaud. The law, which exempts businesses with annual out-of-state sales of less than $1 million, “is proof-positive that the federal government’s special treatment of online-only retailers will soon be a thing of the past,” said Retail Industry Leaders Association president Sandy Kennedy. The amendment is a clear victory for Main Street retailers and those who believe in free and fair competition, she added.

“The retail community is unified in our commitment to pass the Marketplace Fairness Act and make it law,” Matthew Shay, president and CEO of the National Retail Federation remarked. Shay called the vote a critically important issue for retailers both large and small across the country.

The overwhelmingly positive response could allow the act to bypass the U.S. Senate Committee on Finance. Should the final bill, the Marketplace Fairness Act of 2013, be approved and written into law, it will essentially eradicate the advantage that smaller internet retailers have over stores with a multi-state presence.

Local retailers have long considered it unfair that they must charge state sales tax on purchases, while large Internet firms, like Amazon.com, can sell the same item without charging a sales tax, essentially giving their prices a discount. The U.S. Supreme Court has ruled that states can only force companies to charge a state sales tax if the company has a physical presence in that state.

Although the large majority of the Senate voted in favor of the proposal, the opposition is still very vocal. The National Taxpayers Union has created a petition and urges the public to make their voices heard by sending it to their local Senators. The union stated that the Marketplace Fairness Act is “just a way to unleash state tax collectors on the internet…doing so will hit small businesses with major compliance headaches, overturn constitutional protections against harsh tax administration, and undermine state tax competition.” Many conservatives also oppose the legislation. Grover Norquist, founder and president of the Americans for Tax Reform advocacy group, said the Marketplace Fairness Act amounts to a new tax, rather than an enforcement issue.

legislation marketplace fairness act taxes
Share. Facebook Twitter Email
Previous ArticlePlush Toys Charm Consumers
Next Article Fragrances & Scented Products: The Formula for Success

Related Posts

5 Essential Tax Season Preparation Tips

January 24, 2024

7 Tips for Wholesale Inventory Management

January 23, 2024

Prepare Your Business for Supply Chain Disruptions

December 30, 2023
Sign Up for Buyer Updates
WholesaleCentral.com

Join the Buyer's Network

Get news & updates only for retailers.

how-to
Wholesale 101 for Buyers

Amazon Return Pallets For Sale: How to Profit

11 Mins ReadUpdated:August 9, 2024

A big trend among some online sellers is buying Amazon return pallets and overstock and…

Retail News

5 Essential Tax Season Preparation Tips

10 Mins ReadUpdated:August 8, 2024

Are you ready for tax season? April 18 is approaching quickly, and many day-to-day decisions…

Ecommerce

7 Steps to Create Successful Shipping for Your Business

6 Mins ReadUpdated:August 8, 2024

by Sidney Karanja Today’s business environment is more globalized and complex than ever before. In…

Product News

Overstock Liquidations

6 Mins ReadUpdated:August 9, 2024

Overstock inventory refers to the excess goods or merchandise that a retailer has on hand…

Latest Posts

Crafting a Marketing Strategy for Electronics Retailers

January 21, 2025

Effective Digital Marketing Strategies for Health & Wellness Brands

January 21, 2025

Mastering Beauty Ads: 10 Strategies for Engaging Your Audience | Blog.Wholesalecentrl.comĀ 

January 21, 2025

Jewelry Marketing Strategies: How to Attract Customers and Boost Sales in a Competitive Market

December 31, 2024

How to Open a Gift Shop: A Step-By-Step Guide

December 23, 2024

Online Marketing Calendar for 2025: Don’t Miss These Critical Dates

December 17, 2024
  • About Us
  • Subscribe
  • Contact Us
  • Advertise
  • Find Wholesale Sources
WholesaleCentral.com

Join the Buyer's Network

Get news & updates only for retailers.

Follow Us:

Copyright © 2025. Sumner Communications, Inc..

Type above and press Enter to search. Press Esc to cancel.