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Where We Live
Mon December 5, 2011
Internet Sales Tax
The benefits of internet shopping can include free shipping, no crowds and seemingly...no sales tax.
Across the country, states miss out on more than $7 billion from online sales.
Connecticut is among the states trying to figure out how to rake in this revenue.
Today, online sales and taxes - Connecticut’s so-called Amazon tax is an attempt to get at that revenue stream. But Department of Revenue Services Commissioner Kevin Sullivan says the state should forget about $9.4 million in revenue from Internet taxes and get ready for a legal fight.
Will you report your online purchases to the government for taxes? Do you work for a company that has been affected by online sales or by the Amazon tax?