November 1, 2010
By: John Donahoe
Additionally, small retailers face a growing political challenge: a tax-policy lobbying battle over the appropriate role of sales tax collection on Internet retail. Many state governments face revenue problems. Some people claim that new sales tax collection on Internet retail is the answer. Given that less than 5 percent of retail sales today are online, that’s obviously not true. Nevertheless, there is a big push to expand online sales taxes, and small business retailers are in the crosshairs.