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Essay

INTERNET TAXATION

Essay specific features

 

Issue:

Technology

 

Written by:

Beatrice M

 

Date added:

January 3, 2016

 

Level:

University

 

Grade:

B

 

No of pages / words:

6 / 1579

 

Was viewed:

7163 times

 

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Essay content:

Under current law, states cannot require corporations without a substantial presence within their borders to collect and remit sales taxes. While all states do require residents to remit the taxes owed in the form of use tax payments, few people send in use tax forms, rendering remote sales essentially tax-free...
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The revenue loss due to the lack of taxation on Internet sales has been minimal thus far; however, states are concerned that the growth of the Internet will lead to a substantial drain on revenue. After extensive research and consideration, the committee recommends against implementing a tax on Internet sales transactions...
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