It’s the Time to Realize Internet Business Tax

Online shopping is maybe said to be one of great, easy and fastest way to buy everything that you need. For example, buying an $800 television or couch or other product from online store with tax-free feature can save you about $80 than when you buy it from high-sales-tax city like San Francisco. But the problem here is the free shipping that costing the states and city. And this make the local business got the bad effect and make it hard to compete.
Roni Lynn Deutch, the founder of Roni Deutch tax firm, said about the Main Street Fairness Act, introduced by Rep. Bill Delahunt (D-Mass) that bring the topic of protection for online transaction that has idea to free all transaction in the internet, especially for big online store, such as eBay, Amazon and other, it’s not fair. She said that internet business needs to deal with the real world rule like other business fair and square. The internet business isn’t a baby in business world that need to protect from tax, because it has efficiency in transaction more than real world business. This issue also has been debated and discussed for years. And if government can make this thing happen, there’s a chance that there’ll be a huge revenue stream into government account and it can give bad effect on politic world.
However, the founder of Roni Deutch tax firm give us some shocking fact that comes from the prediction from a 2009 study by economists at the University of Tennessee about this not collected tax from internet business. It says that for the six year period, which is end in 2012, the country will lose $52 billion to $56 billion. That’s huge amount of money. And for city itself, New York alone will lose about $390.6 million and Chicago about $229 million in 2012.

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