Leaked from today's 404 episode:
- Today I learned Dave Chappelle was in a "Home Improvement" spinoff that was actually made.
- Twelve things that will get you banned on Xbox.
- You won't remember anything, including this article, unless you print it out.
The U.S. Senate on Monday approved a controversial bill by more than a 2-to-1 margin that would allow states to levy taxes on Internet purchases.
The Marketplace Fairness Act, which would allow states to require online vendors to collect sales and use tax on certain out-of-state purchases, was approved in a bipartisan vote of 69 to 27. The bill, which already has the support of President Obama, will now move on to the House of Representatives.
If approved, the bill would overturn a 1992 Supreme Court ruling that found out-of-state retailers generally don't have to collect taxes unless … Read more
Update: The Senate late today passed the bill, sending it to the House.
The U.S. Senate is planning to vote Monday to levy new taxes on mobile app developers, cloud computing services, music and movie downloads, and even people selling collections of WordPress themes.
Senators who are backing the legislation known as S.743 describe it as a way to force out-of-state retailers to collect taxes on physical shipments. Sen. Mike Enzi, R-Wyo., claims his bill will "put local and Main Street retailers on a level playing field with their out-of-state and online counterparts."
What Enzi and … Read more
Many polls from the past few years have found that lawmakers in Washington, D.C. are just slightly less popular than catching the flu while on a beach vacation. Remarkably, the U.S. Senate could approve a bill this week that will likely make lawmakers even less popular with many online shoppers.
The Senate is expected to vote as early as Monday on the long-debated issue of an Internet sales tax. The bill being considered in Washington now would require online outlets with sales of at least $1 million to collect sales tax in all states, even those in which … Read more
Google could be called back into questioning over its U.K. tax payments, according to a new report.
Speaking to Margaret Hodge, head of the U.K.'s Public Accounts Committee (PAC), which examines government financial affairs, Reuters reported on Wednesday that Google representatives will be brought back to the U.K. for questioning on whether the company derives any of its income through the U.K., thus requiring it to pay more in taxes to that country.
Last year, Google vice president for Northern and Central Europe, Matt Brittin, said before the PAC that no one in his company … Read more
Consumers unhappy about the prospect of paying more to shop online aren't alone.
Online retailers are objecting to a proposed federal law to levy sales taxes on Internet shoppers, saying it's unreasonable to expect small businesses to comply with the detailed -- and sometimes conflicting -- regulations of nearly 10,000 government tax collectors.
The U.S. Senate began debate on the tax measure, S.743, Monday afternoon, capping years of lobbying by the National Retail Federation and the Retail Industry Leaders Association, which represent big box stores including including Walmart, Target, AutoZone, Best Buy, Home Depot, OfficeMax, … Read more
eBay is trying to marshal its users to change federal sales tax legislation pending in the Senate that could usher in the first national Internet sales tax.
eBay CEO John Donahoe began sending e-mails to the online auctioneer's users on Sunday, asking they contact their federal representatives to express their opposition for the Marketplace Fairness Act. The proposed legislation, which the Senate is expected to vote on this week, would allow states to require online vendors to collect sales and use tax on certain out-of-state purchases. Only businesses with less than $1 million in annual U.S. sales would … Read more
Internet tax supporters, with backing from Walmart, Macy's, and Best Buy, are hoping a Senate vote will give them enough political leverage to require Americans to pay sales tax whenever buying goods online. This could usher in the first national Internet sales tax ever.
According to Reuters, Senate Majority Leader Harry Reid filed a motion on Thursday supporting the proposal. Since Reid … Read more
As a self-employed person who pays quarterly tax estimates and has lots of employers, April 15 is an especially rotten day of the year -- and not just because I once again waited until the last minute to file my annual return. It's because the whole tax system is insanely complicated, confusing, frustrating, and, duh, expensive. (Hey, government: I don't mind you skimming some off the top, but I do have some quibbles with how you're spending it. Call me, we'll talk.)
Thankfully, some companies are trying to make Tax Day a little less painful by … Read more