Wednesday, April 24, 2013

Soon, if your business sells on eBay, you could face audits from 46 different states

There seems to be a good chance that the Marketplace Fairness Act (aka, we're taxing online purchasers act) is going to pass and with it any business with more than $1 million in online sales will have to collect and pay sales taxes.  Besides the fact that this will automatically make all online purchases more expensive, thereby hurting online sales, this also will require businesses, even relatively small ones to comply with out of state tax regulations.  And if they don't, your business based in Oakland, CA may have to answer to the Oklahoma tax authorities.  Boy, won't that be fun?  Leave it to government to try to wreck a good thing.

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