By Matthew Brennan, special to Overdrive
Businesses currently are not required to remit an Internet sales tax back to the states if they don’t have a physical presence within that state.
That could change if a group of Republican lawmakers have their way. There’s a push on Capitol Hill to create a sales tax for online businesses, with a piece of legislation called the Marketplace Fairness Act. This legislation could have a drastic impact on the way that business is done in the United States. Pending legislation could make things more complicated for businesses. (more…)