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Monday, July 23, 2012

''Wal-Mart pushes web sales tax as Washington clout grows''

From Bloomberg via  Gulf News

''On July 24, the US. House of Representatives Judiciary Committee will hold a hearing on a bill to let states collect sales tax from out-of-state merchants that sell to their residents. If it is passed, online retailers, which now mostly don’t collect sales tax, will lose a price advantage that has helped them take business from brick-and-mortar stores.

Wal-Mart, which has been boosting political contributions and staffing up its Washington office, is one of the prime movers behind the bill, said Congressman Steve Womack, an Arkansas Republican who authored the proposed legislation.''

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