Tax & Accounting Blog

Bipartisan Senate Support For E-Fairness Tax

Indirect Tax, ONESOURCE, Sales and Use Tax, Transaction Tax November 14, 2011

A month after drawing bipartisan support in the House, the Senate has also introduced legislation known as The Marketplace Fairness Act, which supporters say evens the playing field between traditional stores and online only retailers such as Amazon.  Currently, online retailers such as Amazon are granted the ability to forgo collecting state sales tax, which has stirred much debate over the last couple of years.  (RILA) Retail Industry Leaders Association, a trade association comprised of the biggest and most successful retailers, is backing this legislation.  It is now looking like the days of special treatment for online retailers are drawing to a close.