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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (49783)	3/4/1999 2:55:00 PM
From: Eggolas Moria	Read Replies (1) of 132070

The sales tax issue is an important one longer term. Web sales are receiving an added boost from the lack of sales tax collection. However, the mayors are beginning to organize their "bonus army" march on Washington, D.C. to have the exemption repealed. They are concerned that local retailers will demand repeal of local sales taxes to compete and that would seriously damage local revenues. I anticipate that within 2 to 3 years, web sales organizations will be expressly required by statute to collect sales taxes. That will put some pressure on both revenues and margins as the web sellers compete against local merchants.

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