Forcing online sales tax collections would entail revamp of state system
by Ted Carter
Published: October 30,2011
Forcing online retail giants like Amazon and Overstock to collect sales taxes from customers would require a tradeoff that Mississippi is not yet prepared to make.
On one hand, the state could gain in the neighborhood of $300 million annually.
But on the other, it would need to revamp its sales tax system to meet the specification set by Congress, the only governmental body authorized to mandate an across-the-board sales tax on cyber sellers.
“Our sales tax code would have to be completely rewritten to comply” with what is known as the Streamlined Sales Tax Agreement, a blueprint adopted by 44 states and the District of Columbia to simplify sales and use tax collection. Mississippi has so far declined to become…
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Wasted away — Margaritaville in Biloxi to close by Sept. 19
- WILLOUGHBY: Broadband Voice founder Gary Watts isn’t afraid to take chances
- Severstal selling plants, including Severstal Columbus
- Two BancorpSouth mergers delayed by federal inquiries
- McDaniel alleges GOP race-baiting; says party should be 'purged'
- Police find Attorney General Hood's stolen handgun
- Mississippi Power conducts successful tests at Kemper plant
- Seafood dealer/processor guilty of illegal handling of oysters
- Pickwick Pines settles lawsuit; pays $260K