Tax-News.Com Archive

Sponsored by: PEARSE TRUST
Independent advice on corporate and trust structures

ARCHIVE ROOT | TODAY'S NEWS | LOWTAX

Delaware Senator Throws Support Behind Online Sales Tax Drive
By by Glen Shapiro, LawAndTax-News.com, New York

18 December 2003

The drive to simplify the US sales tax regime in order to effectively levy the tax on online purchases has gained another supporter in the Senate, according to reports.

Speaking at the weekend to Internetnews.com, Senator Tom Carper (D-Del) revealed that he will be co-sponsoring legislation designed for force out-of-state retailers (including online businesses) to collect and distribute sales taxes on transactions with US citizens.

Delaware does not levy a state sales tax, and as a result, has become an attractive destination for shoppers. However, Senator Carper told Internetnews.com that the increasing popularity of online retailers is eating into his state's revenue.

The measure to which the Delaware Democrat has lent his support is the enabling legislation for an agreement, known as the Streamlined Sales Tax Program (STTP), reached by state governments, to streamline some 7,500 sales tax laws.

The bill, which was introduced by Senators Michael Enzi (R-Ore) and Byron Dorgan (D-N.D.), now has 19 co-sponsors.

.

 


IMPORTANT NOTICE: TAX-NEWS.COM has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright TAX-NEWS.COM 1999 to 2007. Contact us for further information.