marketplace fairness act

The thousands of pages of the federal tax code -- and the tens of thousands of pages of ensuing regulations and judicial rulings -- offer many ways to reduce your taxes. These arrangements are often nicknamed loopholes when they apply to only some people.
Whether or not you agree with MFA, there is one thing these businesses have right: sales tax IS a pain. There are 11,000 tax jurisdictions in the U.S. alone; each state has its own tax rules; and businesses that don't get it right can face stiff penalties. Trying to manage sales tax in multiple states can be like trying to steal a kiss from the meter maid: it's hard to do and it's risky.
State governments are seeing signs of recovery, but continue to face an uncertain economic future, according to a new report released Thursday.
The report showed that tax revenue rose across states, reaching higher levels than seen since 2008 during the recession. But
The Marketplace Fairness Act could dramatically change sales tax compliance requirements for small businesses that are not preparing today. Whether selling bikinis to starlets or skateboards to CEOs, the smart money is on businesses that prepare now, not later.
The "Marketplace Fairness Act" is supposed to level the playing field between the traditional brick-and-mortar storefronts of the old economy and the online and catalog sales of the new economy, taking a simple problem and attempts to solve it in the most obtuse and damaging way it could.
By leveling the playing field, all businesses will be able compete in a fair and equitable way. Brick and mortar stores will no longer be used as mere showrooms for merchandise that consumers end up purchasing online at a discount because of the absence of a sales tax.
IRS shenanigans aside, there are plenty of things being done right now in D.C. that will likely affect your business and mine over the next few years.
Privately held retailers are operating with relatively thin profit margins nearly four years after the end of the recession, according to recent data from Sageworks, a financial information company.
The Marketplace Fairness Act is supposed to level the playing field between traditional brick and mortar storefronts and online stores. A lot of online stores that were started years ago and are just now beginning to really pick up steam will be hit the hardest.
While the future of the legislation remains uncertain, it's time for our government to take a deeper look into the real impact this legislation will have on the little guys. U.S. small businesses are millions and millions strong and growing at astonishing rates.
The Marketplace Fairness Act is long overdue. It is neither fair nor efficient to require brick-and-mortar sellers to collect sales taxes while their online and mail order competitors effectively sell sales tax-free.
Back in 2012, Durbin told This American Life that senators spend an inordinate amount of time "conjuring up new ideas on
eBay is the only high-profile company to take a stance against the measure, which has broad bipartisan support, so far, according
Wagnon has sought to debunk the argument that the bill would put an undue burden on small businesses. Senate opponents, particularly
The push for the legislation has also attracted a diverse group, including the National Governors Association, the National
Some opponents of the Marketplace Fairness Act are falsely calling the measure a new tax, when the bill only requires that Internet retailers collect sales tax already owed by their customers under current law.
WASHINGTON -- A measure to allow state and local governments to collect sales taxes from online purchases received key support
"States will not be able to make fully informed financial plans for our citizens," Markell said at the event, a first for
The Survey showed that the two growth areas for state spending center on health care and K-12 education spending. The full