eBay is preparing to battle an Internet sales tax proposal targeting small businesses that do even $1 of online sales a year.
The San Jose, Calif.-based auction site is alarmed by forthcoming legislation, reported yesterday by CNET, that would allow states to require taxes to be collected from even very small out-of-state Internet retailers--some of eBay's best customers, in other words.
While similar tax proposals have circulated for years, earlier versions exempted small sellers with less than $5 million in revenue. Then the exemption dropped to $1 million. Now the proposed cutoff in a draft bill from Republican … Read more