Congress is currently considering a bill that would make taxing internet sales more difficult. In an interview with Accounting Today, Joyce Beebe, fellow in public finance, pointed out that this issue is vitally important to states. “E-commerce sales have been growing rapidly, while on the flip side, the sales tax base across all states has contracted,” she said. “This has created financial issues for states that rely heavily on sales taxes.”
Click here to read the full interview.
Click here to read a brief written by Beebe on the subject.