Congress Not Looking to Pass Internet Sales Tax Anytime Soon
Ever since the Internet became a worldwide sensation, there have been those who think it should be taxed, especially Internet sales from state to state. Taxing the Internet would be a huge source of extra revenue for the government, but for those who use the Internet to shop (which is just about everyone these days), those taxes would be a real headache.
However, the latest attempt at taxing the Internet may not be going anywhere. That’s because the Main Street Fairness Act, a bill that would allow state and local governments to charge and collect taxes on Internet sales from companies that are located in another state, has run into a brick wall in Congress. The bill already passed the Senate in May of 2013, but so far Congress has not jumped on board.
Even though the bill will not be moving forward this year, according to Speaker of the House John Boehner, proponents of the bill could always bring it up again next year, but it would have to start over fresh in Congress.
Those who oppose the bill claim that it will be another tax on consumers who use the Internet to shop. Plus, for those companies who sell online, the price to set the system up to collect those taxes would be costly.
For now, though, taxing the Internet is still just an idea and not a reality. The debate will assuredly rage on in Congress, but whether or not it ever becomes a reality is still to be determined. Meanwhile, you can contact GROCO at any time for all of your tax planning needs by clicking here.
Beyond the Game: How One Coach Helps Provide Better Socioeconomic Opportunities For Her Team.
Rose Shoen is a semi pro soccer player in the Women’s Premier Soccer league. She received all star selection in 2016 and 2017. She also holds a C national USSF coaching license and founded her own men’s soccer franchise, Azteca FC in 2013. She is the only female owner/manager/coach in the San Francisco Soccer Football League’s history. Rose also works coaching high school youth from low income minority groups with the objective to help them receive college scholarships. Many of these players
Muse Me: Making “Old Art” Cool | Heather Gokhman
Heather Gokhman is a member of the International Society of Appraisers, holds a Masters degree in Art Business from Sotheby’s Institute of Art in New York City, and a Bachelors degree in Art History from the University of Southern California. Prior to opening State of the Art Appraisals, Heather was a partner at EG Art Brokers, a fine art appraisal and auction brokering company and Assistant Director at contemporary art gallery, Avran Art, in Laguna Beach. Heather has also worked at Montgomery
Transforming Ag Extensions in India: A Moment with Rikin Gandhi of Digital Green
Rikin Gandhi is chief executive officer of Digital Green. Rikin’s interests include sustainable agriculture and technology for socioeconomic development. He co-founded Digital Green as a research project in Microsoft Research India’s Technology for Emerging Markets team and now leads the spin-off of Digital Green that works to amplify the effectiveness of agricultural development globally. Rikin is a licensed private pilot and received patents for linguistic search algorithms that he helped
Why Venture Capital is Exciting and Rewarding | Robin Li
Robin Li is a VP at the GGV Capital Silicon Valley office. She focuses on investments in ecommerce and consumer internet. She is a member of the board of directors for Lively and is actively involved with Boxed, Bustle, Function of Beauty, musical.ly, Ibotta, OfferUp, Poshmark, Xiaohongshu, Yamibuy, and more.Prior to joining GGV, Robin worked at Flextronics’ Venture Arm covering hardware and technology investments and at Qiming’s Beijing office. Before venture capital, she spent three years at