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 Specially You're Expecting From Apple In This WWDC?

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, 0 months ago.)

Recent Products

Compare  
Buy Now | Compare  

What Do You Think?

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

Recent Search

Recent Tutorials

Want to repair your memory card? It's very easy to fix corrupted or damaged memory card. In fact you can fix it by yourself.
Are you the one who is frustrated because of the speed of your Android device? No worries, the article will help you increase the speed of that device.
Lately, Google has updated its Google Docs. Now users can crop, rotate, and add borders to images in a document without leaving Google Docs.
Adobe CS products are not free, but the good news is you can now download Photoshop CS2 & all other CS2 product completely free and it's absolutely legal.
At the beginning level, many people don't know how to use Gmail properly. For them, a here's a helpful guideline.
Skype now allows you to call directly from your Outlook account. Find the step-by-step installation process from this tutorial.
This tutorial helps you quickly resolve four of the most common problems that occur with Windows XP.
After releasing Look Back, many people didn't like it. So Facebook planned to add an Edit tool to the feature and now you can edit your Facebook Look Back video.
Do you want to record Skype calls but don't know how to do that? Then this guide is absolutely for you. Get inside the article for details.
Do you know that many companies can track you on Facebook? Do you want to know who they are? Do you want to block them?
Close You Have To Login
User:
Pass:
Login With »Login With TwitterLogin With Facebook