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Opinion: Simplify Code Before Taxing Internet Retailers
Written by Pat's Papers | Tuesday, 24 July 2012 8:31 AM
The CEO of Overstock.com explains to the Wall Street Journal why taxing online purchases isn’t as simple for Internet retailers as the taxes collected by brick-and-mortar stores. First of all, there are 9,600 taxing jurisdictions in the country, and they are often overlapping—the Dallas-Fort Worth airport sits in six separate ones. So a Snickers bar could be taxable in one city and not in the next. How does an Internet shop keep track of that?
SOURCE: Wall Street Journal
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