Tuesday, October 11, 2011

The e-Fairness Act - Devaluating Your Company by 25%?

Did you know that internet retailers are supposed to collect sales tax on goods sold in California, Connecticut and five other states?  Big deal, you say?  Just wait until the 44 other cash-strapped states jump on the revenue-windfall band wagon.  You'll start getting notices from every company you did business with to collect back taxes.

That's bad enough for consumers, but - can you image the collection nightmare involved for America's businesses?  I know - no one cares about corporate greed, but this will surely end up coming out of your pocket at some point.

Thank goodness for companies like Amazon, and the Direct Marketing Association who are standing up to the legislation.  But the fight will be a long one, and the DMA could use all the support it can get.

If you are an internet retailer, you may be interested in a new free webinar being sponsored by the DMA that addresses many of the issues you will need to face.  To find out more, send me an email:  rtraino@comcast.net.

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