Today, a number of tech and taxpayer advocacy groups announced their opposition to an Internet sales tax amendment that is being offered by Senators Mike Enzi (R-WY) and Dick Durbin (D-IL) during the debate on the Senate Budget Resolution.
Today, Senators Mike Enzi (R-WY) and Dick Durbin (D-IL) are offering an amendment to the Senate Budget Resolution that would create a framework for future legislative action to create a new Internet sales tax regime that would allow state tax enforcement agents from one state to impose tax burdens on businesses located across the country.
Yesterday the U.S. Supreme Court issued its opinion in an important copyright case, Kirtsaeng v. Wiley. The 6-3 opinion ensures that books and other copyright goods that are made overseas can be sold in the United States without the permission of the copyright holder. This is a great outcome for eBay sellers and a true victory for all American consumers and businesses.
Did you know that the highest skyscraper in the world is in Dubaï? That the richest man on earth is Mexican? That the biggest plane is manufactured in Russia? That Macao is now the #1 gaming place before Las Vegas? That the average age in Canada is 40, when it is 26 in India? That in 2020, 61% of the world's wealth will come from emerging markets?
This week, a coalition of taxpayer advocacy groups sent a letter to all 535 Members of Congress asking them to oppose the latest Internet sales tax proposals. In their letter the groups argue that the bill could cause serious damage to electronic and Interstate commerce by: 1) allowing some state tax enforcement agents to impose their tax laws on businesses located in other states; 2) disadvantage online retail by creating more onerous sales tax standards than brick and mortar retail; and 3) burden small business retailers that use the Internet to compete against big retailers.
On Monday, March 11th, PayPal General Counsel and Vice President, John Muller, testified as an expert witness before the California Assembly Banking & Finance Committee during an informational hearing entitled “Emerging Technology and The Money Transmission Act”. The hearing was called by Chairman Dickinson to explore ideas for reforming the body of law that authorizes the regulation of money transmitter. While, most people think of companies like Western Union or MoneyGram when they think of money transmitters, PayPal is also regulated as a money transmitter in t