Supreme Court Sales Tax Case Should Help Book Industry via
As the Supreme Court weighs arguments in a case before it about whether Internet sales can be taxed just like a purchase at the mall, book publishing insiders anxiously await their decision. Will a vote to tax online sales impact the book industry, and if so, how?
On the positive side, if Net sales are treated like those at a physical store, a boost will be given to the tax proceeds collected by the government. The e-commerce world is huge and growing bigger by the day, and without a change to the law, billions of dollars each year will go uncollected for roads, safety, education, elder care, healthcare, and all of the valuable services a government can and should provide.
In 2002, with the Internet into its second decade of existence, 45 billion dollars of goods were purchased online. The amount doubles…
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