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August 17th, 2008
A new law from the state of New York to impose sales tax on Internet purchases is not only bad for business and the state's economy, but also flies in the face of Supreme Court standards, says a new publication from the Institute for Policy Innovation (IPI). In "New York: Double Dealing on Retail Taxes," IPI senior fellow George Pieler says the bill to collect out-of-state sales tax from online merchants selling goods to New York-based consumers is a "simple Ponzi scheme being played on taxpayers," and the Internet can't be used as a new way to collect sales tax. The law thumbs its nose at the Supreme Court's Quill decision, which held that for a...
Source: Pharma Investments, Ventures & Law Weekly (2008-08-17)
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