Do you think the US government is unaware of this? I, for one, do not. I bet they will do SOMETHING (not sure what, but @jedmeyers gives a possibility) to ensure that US online retailers will not be defeated by foreign retailers that easily.
Go ahead, pass the Internet tax. Your (foreign) competitors thank you.
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Re: Go ahead, pass the Internet tax. Your (foreign) competitors thank you.
#12Just wait for the "foreign transaction fee" on the credit cards to become federally mandated 15% instead of 3%. Then you'll see.
That's where Bitcoin comes in :)
That's where federal regulations on Bitcoin comes in. How would you like to live in a world where Bitcoin is a black market product?
Re: Go ahead, pass the Internet tax. Your (foreign) competitors thank you.
#13Will be pretty funny when we get a matching duty for their services thats twice as much as typical salestax. :)
Re: Go ahead, pass the Internet tax. Your (foreign) competitors thank you.
#14I am slightly bemused by the fact that the US - which in Europe is often seen as very lax on taxes - is doing this and it is not even being considered in Europe. That might change, sure, but Europeans tend to like taxing things. And if this haven't even made a consideration among European lawmakers, just how far from the pack have the US lawmakers gone?
Europe is already taxing all internet purchases made within it's borders. I was buying some shoes in UK and only after I assured the seller that Ukraine was outside of EU was the tax taken off the price.
Re: Go ahead, pass the Internet tax. Your (foreign) competitors thank you.
#15This tax could make Oregonian consumers pretty popular: nothing to collect, no tax, no hassle.
On the flip side, it'll remove a major reason to start a business in Oregon or another state without a sales tax.
Re: Go ahead, pass the Internet tax. Your (foreign) competitors thank you.
#16Sounds like taxation without representation to me.
Are you saying that Network Solutions and GoDaddy should have seats in Congress?
I think he's saying that individuals that sell online shouldn't be taxed by state legislators they didn't elect. Congress won't be setting the internet sales tax rates, nor administering the tax, nor conducting its audits -- the 50 individual states will be imposing their individual rules.
Re: Go ahead, pass the Internet tax. Your (foreign) competitors thank you.
#17I am slightly bemused by the fact that the US - which in Europe is often seen as very lax on taxes - is doing this and it is not even being considered in Europe. That might change, sure, but Europeans tend to like taxing things. And if this haven't even made a consideration among European lawmakers, just how far from the pack have the US lawmakers gone?
Europe is already taxing all internet purchases made within it's borders. I was buying some shoes in UK and only after I assured the seller that Ukraine was outside of EU was the tax taken off the price.
But that's because of the internal market, that isn't some specific internet tax, is it?
Re: Go ahead, pass the Internet tax. Your (foreign) competitors thank you.
#18Earlier quoted context omitted.
Europe is already taxing all internet purchases made within it's borders. I was buying some shoes in UK and only after I assured the seller that Ukraine was outside of EU was the tax taken off the price.
But that's because of the internal market, that isn't some specific internet tax, is it?
The U.S. one isn't a specific internet tax either. The U.S. legislation is just trying to implement what the EU already has: purchases will have tax collected based on the destination jurisdiction.
The current situation in the EU is that if you order a book from the UK to Belgium, you pay Belgian VAT for the transaction. There is also an exception that sellers below a certain volume are exempt from dealing with the cross-border VAT. That is precisely what the new situation in the US will be, if this passes: cross-state purchases will be taxed based on the destination state's sales tax, with sellers below a certain volume exempt.
Re: Go ahead, pass the Internet tax. Your (foreign) competitors thank you.
#19The US government will just mandate that any online business doing business with US citizens has to collect that tax on behalf of the IRS.
Quarterly deposits will be acceptable.
Re: Go ahead, pass the Internet tax. Your (foreign) competitors thank you.
#20The US government will just mandate that any online business doing business with US citizens has to collect that tax on behalf of the IRS. Quarterly deposits will be acceptable.
How would the US government mandate a non-US business do anything? They can't prohibit US citizens from buying from these companies without violating their own free-trade agreements. That'd be a bad idea, since 41% of the country's exports go to countries we've signed those treaties with.