Internet Costs States $26.6 Billion

Nov 18, 2002
George Anderson

By George Anderson

A University of Tennessee study has projected that states will lose $26.6 billion this year and almost $55 billion in 2011 if the federal government does not repeal its moratorium on Internet transaction sales taxes. The moratorium in force expires in November 2003.

Moderator’s Comment: What is your position on Internet
sales being subject to state sales taxes? [George
Anderson – Moderator

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