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In California and elsewhere, efforts intensify to close online sales tax loophole
July 14, 2010 /
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Web-savvy shoppers can often save big buying online instead of at the local mall. But a chunk of the savings comes at the expense of state and local governments, in the form of sales taxes that are never paid on many Web purchases.
The losses add up for cash-starved state and local governments across the country: California alone loses out on more than $1 billion a year.
By Mike Zapler
Full Story: http://www.insidebayarea.com/business/ci_15507733
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Posted in: Regional Business News
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