On Wednesday, former President Bill Clinton spoke at ICANN’s 40th public meeting and was asked his thoughts about Internet taxation. Clinton signed the Internet Freedom Tax Act in 1998 which meant retailers without a presence within a state were exempt from collecting tax on sales. The goal was to let the e-conomy grow and evolve.
It has evolved. So when Clinton was asked what he felt government’s role with the Internet should be now. His response was that while his administration fought against government involvement, the time may have come to, “have some form of consumption tax as part of the mix,” in order to keep taxes as a whole low.
“E-commerce is going great and old commerce is doing not so great,” he said and then continued to name some stores in his hometown that have gone out of business. “Do we need to set up a tax system that favors the people that are doing well and burdens the people that are struggling?”
Source:
Hachman, Mark. “Clinton Argues for ‘Consumption Tax’ on E-Commerce | News & Opinion | PCMag.com.” Technology Product Reviews, News, Prices & Downloads | PCMag.com | PC Magazine. 17 Mar. 2011. Web. 21 Mar. 2011. http://www.pcmag.com/article2/0,2817,2382133,00.asp
mark adams says
We generally tell all our customers to think of commenting on other relevent blogs as a way of showing another blog’s audience how much they know/ how interesting they are. So this new audience will click on the link back to their blog. This is another method of driving traffic to your site and entices people to write really well thought out comments, instead of junk to get ranked higher on search engines…
Affordable art says
Will a new tax help really help. If a bricks and mortar business is struggling, how will this help?
Matt@hot penny stocks says
Punishing success….seems to be the theory embraced by many these days.
Hey by the way I saw your BMW with your license plate tag advertisement for your site…that’s how I found your blog! Cool to see I’m not the only internet marketer in Hickory.
[Blocked by CFC] Jerry West says
Hopefully I didn’t cut you off when you saw my license tag. :)
Hickory has IMs here but they are few and far between in the talent department.