The vast majority of web-based businesses are small to medium-sized purveyors of specialty goods, with national or global customer bases which cannot be economically served through the “bricks and mortar” business model. Other web-based businesses have attacked narrow segments of the large retailers’ offerings, competing more efficiently without the associated overhead. While tax-free has undoubtedly benefitted internet commerce, it is not the sole reason for the explosive growth of this segment. It is the opportunity to now cripple these nimble, internet-based competitors which has united the big box retailers and mega-internet participants. Governments of all size, enticed by the promise of more tax revenue, are now being recruited in this effort.
Internet Sales Tax Will Drive Up Compliance Costs, Disincentivize Growth And Reduce Jobs For MS Web Based Companies
By MississippI PEP Staff | April 9th, 2017 at 7:25 am