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IP: INTERNET TRANSACTION TAX URGED (make the consuler pay not
From: Dave Farber <farber () cis upenn edu>
Date: Fri, 15 Nov 1996 04:43:31 -0500
INTERNET TRANSACTION TAX URGED -- edupage Acting to stem the tide toward broad taxation of Internet-based activities, the Interactive Services Association has called for state and local taxation entities to target online purchasers rather than the entire information technology industry. "The industry believes that the only type of tax that can be applied effectively to Internet and online transactions will be a transaction tax that is imposed upon the purchaser, not upon the industry," says the executive summary of a soon-to-be-released ISA white paper on the topic. The paper also urges one uniform tax rate within each state: "The greatest threat to the type of tax system contemplated here is any requirement that a remote seller have to account for a multiplicity of taxes at lower levels of government." ISA warns that "relieving the industry of such a requirement is the key to obtaining the industry's cooperation" in collecting such taxes, and suggests that states move slowly in developing their tax policies for the online industry. "A deliberate and cooperative approach will avoid the dangers that lurk in precipitate and uninformed action on the part of the states." (BNA Daily Report for Executives 8 Nov 96 H3)
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