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news
Tax to take two
years
By Larry W. Brunson Jr.
On-line Forty-Niner
Thanks to a bill
signed Wednesday by President Bush, there will be no discriminatory
taxes on Internet usage for at least two more years.
Last week, Congress brought a bill before Bush that would
stop discriminatory taxes on Internet usage.
A discriminatory tax is any tax enacted before the act went
into place. It prevents states from collecting taxes from
businesses that do not have a physical presence in that actual
state.
According to the CNN Web site, the Internet currently has
about 130 million users, but it is only responsible for fewer
than 1 percent of all retail sales.
Although the Internet will not face taxes for the next two
years, there is opposition from NoInternetTax.org, an organization
that is against Internet taxation.
"The measure is a hollow victory, a far cry from the
permanent moratorium that we have advocated for the past two
years," said Jennifer Holden, executive vice president
of NoInternetTax.org in a press release.
Even though Bush has passed this bill to not have Internet
taxation, Holden still believes this issue is not over.
"The debate isn't over, advocates of streamlining were
not discouraged by failure of their unpopular amendment and
have indicated that they will continue to work for the next
two years towards consensus," she said.
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