Congress proposes a bill in order to levy taxes on online shopping in order to increase revenue and make competition even for actual retailers.

What are you thinking?

View Results

Loading ... Loading ...
1 Star2 Stars3 Stars4 Stars5 Stars (Rate This)
Loading...Loading...

We live in the times when a major portion of the world is still reeling from the after-effects of global recession.  And this has naturally led everyone to start thinking on the terms of austerity, cost cut-backs, greater taxes and similar other measures. A new bill in the Congress is seeking to further enhance the tax portfolio of the government. And the target audience, this time, is online shoppers.


According to reports, this new bill proposes to levy a tax on online shopping, which had been fairly tax-free so far. There are basically two reasons why Congress wishes to implement this tax: first, the state revenue needs to be increases; and second, that since online shopping is tax-free whereas actual shopping isn’t, people tend to prefer online shopping and this greatly undermines actual shopping stakes.

So far, online shopping stores have been able to thwart any taxes because a Supreme Court ruling in 1992 said that if a store is not situated within a state, it does not have to pay taxes. Although there are ways of levying tax on online shopping, for instance you are supposed to mention your online purchases when you pay state tax and then pay tax on those online purchases, most of the people simply don’t do it. And it would incur too much costs on the part of the state to keep track of all online purchases of all citizens.

Naturally, since the bill will directly affect the traffic of online shopping stores, a number of tech giants such as Overstock, eBay and Facebook have joined hands to protest and oppose the bill. Amazon, surprisingly, is supporting the bill.

Source: ABC News

Courtesy: Mashable

Buy Cheapest Related Product From Amazon.com


Gamers Back $99 OUYA Android Open-Source TV Game Console Idea

Kouziro Introduces 21.5-inch Android Tablet In Japan, It’s Massive!
You can also press the left/right arrow key on your keyboard to go to previous/next post
  On July 11, 2012(2 years, 5 months ago.)

Recent Products

Buy Now | Compare  
Buy Now | Compare  
Buy Now | Compare  
Buy Now | Compare  
Compare  

What Do You Think?

Loading Disqus Comments ...
Loading Facebook Comments ...

Recent Search

Recent Tutorials

Many users are already complaining and searching for the tips of how to capture the screenshot on LG G3. The tutorial will help to do that.
The tutorial will help how you can minimize the mobile data on your android device (Here we used LG G3 S for the tutorial)
The tutorial will help you to turn on battery Saver for LG G3 or G3 S both manually and automatically.
This tutorial is about how you can set up various auto reply messages on LG G3 S tp know the caller why you could not answer the call.
This tutorial is about disabling automatic shortcut creation of new installed app on android devices.
This tutorial is about showing you how to turn off location in Facebook of your Android devices.
My tutorial is for those who wants to delete those history partially or fully or to disable those if they want.
This tutorial will show you how to stop those videos in your Android mobile not to play automatically.
This tutorial will help you to Disable Auto-Update Of Android Apps in your Android Device. The steps are quite easy to execute.
This tutorial will help you to clear search history from your Google Play Store in your Android Device. The steps are quite easy to execute.
Close You Have To Login
User:
Pass:
Login With »Login With TwitterLogin With Facebook