Internet Retailer reports that "a representative of Amazon.com Inc. today urged Congress to enact the Marketplace Fairness Act of 2011 in testimony during a hearing before the U.S. Senate Committee on Commerce, Science and Transportation. The Marketplace Fairness Act of 2011, also known as S. 1832, would require online retailers who exceed a revenue threshold to collect and remit state sales tax on online purchases in all states. Current law requires online retailers only to collect and remit state sales tax in states where they have physical operations."
- KC's View:
- I still like my name for this bill - the Briar Patch bill.
The reason Amazon is willing to endorse this bill is that it plans to have physical operations pretty much everywhere anyway, so what the hell.
And then it can go about making life a living hell for all the brick and mortar retailers with which it competes ... you know, the ones that think the whole sales tax issue will level the playing field.