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Internet taxation

Congress is advancing an online tax bill, and Hawaii advocates want in on lucrative e-commerce sales

By Lee Catterall

POSTED: 01:30 a.m. HST, May 26, 2013

~~<p>Online shopping &mdash; e-commerce &mdash; is big business. Huge. It generated $231 billion in sales for U.S. retailers last year, according to technology and market research firm Forrester, and is expected this year to increase 13 percent, to $262 billion.</p>
<p>Not only is that a mountain of sales, it's a mound of potential taxes. Members of Congress are currently engaged in a battle on whether to allow states to collect revenue off these web-store transactions; right now, they get zero. Of the states, count Hawaii among those renewing the push &mdash; and pull &mdash; to receive millions of dollars in taxes from consumers' online purchases.</p>
~~

Online shopping — e-commerce — is big business. Huge. It generated $231 billion in sales for U.S. retailers last year, according to technology and market research firm Forrester, and is expected this year to increase 13 percent, to $262 billion.

Not only is that a mountain of sales, it's a mound of potential taxes. Members of Congress are currently engaged in a battle on whether to allow states to collect revenue off these web-store transactions; right now, they get zero. Of the states, count Hawaii among those renewing the push — and pull — to receive millions of dollars in taxes from consumers' online purchases. Login for more...



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