If it feels as if the summer is already racing by, consider how the legislators on Capitol Hill feel. October is just around the corner, and that means somebody has to do something about Internet taxes.October is the month the current moratorium on Internet taxation expires. Unlike so many other issues our legislators contemplate, the debate over Net taxes has a real urgency.If the October expiration comes and goes without legislation to replace it, cities and states will have the option to impose their own taxes on Internet commerce.It is likely that many of them will do just that in an effort to ensure the viability of their own civic coffers. Officials in a number of metropolitan areas in the U.S. have been vocal in their opposition to the ban on Net taxes, which went into effect in 1998.It is particularly disheartening that we are down to the wire on this issue, especially since the whole purpose of imposing a three-year moratorium on taxes in 1998 was to allow legislators, the e-commerce industry and all involved parties time to study the issue and reach some sort of consensus.True to form, our elected officials have procrastinated mightily. Those who did take… Read full this story
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