Wednesday, April 24, 2013
Senate bill would allow businesses to collect taxes on items bought online.
By B.A. Morelli, Patch editor Senators and business groups are debating the merits of a pending Senate bill that would allow for the collection of sales taxes on items bought online. The Marketplace Fairness Act would require businesses with more than $1 million in annual Internet or catalog revenue to collect sales tax for online purchases and send them to the state where the buyer resides. A Huffington Post report cites a National Conference of State Legislatures estimate that states collectively lost $23.3 billion in sales tax revenue in 2012 due to online sales. The U.S. Senate could vote on the bill, which has bi-partisan support and the blessing of President Obama, as soon as Wednesday. Supporters say the bill would help retailers …
Tuesday, November 27, 2012
The Cook County Department of Homeland Security and Emergency Management released 10 online shopping safety tips for the holiday season and beyond.
The following is a Cook County Department of Homeland Security and Emergency Management release sent to Patch by the Hinsdale Police Department: Cyber Monday (the Monday after Thanksgiving) and online shopping throughout the entire holiday season have become increasingly popular in recent years, and the trend is expected to continue this season. According to MarketLive, an e-commerce software and solutions provider, online shoppers in the U.S. are projected to spend more than $54 billion this holiday season, nearly a 17 percent increase over the $47 billion spent last year. The increase in online shopping coincides with an increase in mobile device use, and more shoppers will be using special holiday smartphone apps to find the best deals…
Saturday, November 24, 2012
Are you gearing up to let your fingers do the walking on Cyber Monday?
La Grange residents who didn’t want to brave the crowds on Black Friday or Small Business Saturday still have one more big chance to save courtesy of Cyber Monday. Similar to the two other major shopping events, Cyber Monday differs in that consumers don’t have to leave the comfort of their own homes (or offices) to take advantage of some pretty big pre-holiday deals. All the bargains laid out for Cyber Monday are for online shoppers only. So how can you find the best deals online this Cyber Monday? While most major retailers that have an online presence aren’t tipping their hats on their online deals just yet, many have splash pages set up that they're inviting shoppers to bookmark in advance of the Nov. 26 shopping holiday. Here are just…
Terry Collins
7:16 pm on Wednesday, April 24, 2013
It would be too complex for business to handle. My statement is based on the myriad of local, add on sales taxes in Illinois. At best, only the base state tax should be collected. more ›