One Less Tax
To Worry About |
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There is one less tax that startups and small businesses
don't have to worry about in the coming years.
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In the
Trade Facilitation and Trade Enforcement Act of 2015
Congress will make permanent the ban on certain Internet
taxes. The
language is buried in Title IX,
Sec. 922 of the Act which amends the 1998 law called
the Internet Tax Freedom Act (ITFA). The ITFA prohibited
states and localities from levying access taxes, as well as
taxes on Internet traffic.
The change in the new law
provides for a permanent moratorium on Internet access taxes
and on multiple and discriminatory taxes on electronic
commerce.
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However it does not ban sales taxes on e-commerce sales, nor
does it prevent federal, state and local governments from
imposing fees on your Internet service. There are separate
legislative fight occurring in Congress on those fronts.
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The
Internet Tas Freedom Act Coalition supports the remove
to permanently remove these taxes and believes that it will
benefit Aermica’s consumers and innovators and ultimately
lead to higher economic growth and job creation.
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Sources:
Trade Facilitation and Trade Enforcement Act of 2015
Internet Tas Freedom Act: In Brief
Internet Tas Freedom Act Coalition
By Wendy
Stewart
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