March 29, 2012 |
LONDON - The British government's intention to tax the humble Cornish pasty, a cheap pastry savory snack much beloved by workers and students, has opened a new front in the country's never-ending class war. In his United Kingdom budget last week, Finance Minister George Osborne announced he would close a loophole that allowed some fresh-baked takeaway items - including pies, sausage rolls, and pasties ( PASS-tees ) - to escape a 20 percent sales tax. The move has caused a media storm, with tabloid headlines portraying the new tax as an attack by the Conservative-led government on working-class life.
February 26, 2012
Tired of being outsold by online retailers, earthbound merchants have convinced legislatures in five states to force Web-based sellers to collect and remit sales taxes. Twenty others are working on similar laws. Now, it's time for New Jersey to join the trend and stop forgoing hundreds of millions of dollars in Web-derived tax revenue that it can use to meet its budget while protecting local businesses. Online retailers have an unfair advantage over florists, appliance stores, clothiers, music and gift shops, and other local businesses.
February 22, 2012 |
TRENTON - A sales-tax exemption measure designed to encourage major online retailers to locate in New Jersey has been introduced in the Legislature. The bill would help alleviate disparities between online retailers, who are not required to collect New Jersey's 7 percent sales tax unless they have a physical presence in the state, and bricks-and-mortar stores, according to Democrats. "My goal and the goal of legislative leadership has always been to find a way to balance the interests of the retail merchants and the Internet merchants in a way that will ensure equity and a level playing field going forward," said Assembly Majority Leader Louis D. Greenwald (D., Camden)
February 16, 2012 |
Is it time for Internet retailers - companies like Amazon, Overstock, and eBay - to finally abandon the idea that Web sales should take place free from the burden of collecting state sales taxes? That's a question that arises today thanks to two decades of policy-by-inaction - a strange soup of federal court decisions, conflicting state policies, and Internet boosterism. For all those years, policymakers have been so eager to nurture Web commerce as an engine of economic growth that they've dodged dealing with a basic inequity.
February 14, 2012 |
The Corbett administration is expecting about $50 million from its new efforts to collect taxes on items sold over the Internet. The state Department of Revenue provided that estimate yesterday. Gov. Corbett is pressuring Internet-based sellers to collect the sales tax at the time of purchase, as Pennsylvania-based companies have to do. Also, the state's 2011 personal-income-tax return for the first time provides a line asking taxpayers to declare how much they owe in "use tax" on purchases they've made online without paying the state sales tax. Both are 6 percent.
February 9, 2012 |
TRENTON - Amazon.com, the world's biggest online retailer, is in talks to open two warehouses in New Jersey in a deal that could bring 1,500 full-time jobs to a state where unemployment has hovered around 9 percent. State Assembly Democratic Leader Louis D. Greenwald, who has been involved in the talks, said Amazon was seeking a 22-month sales-tax holiday - opposed by some retailers and at least one lawmaker. The Seattle-based online retailer is not required, as brick-and-mortar retailers are, to collect the 7 percent state sales tax for purchases.
January 24, 2012 |
ANNAPOLIS, Md. - Maryland health advocates say they are happy about how Gov. Martin O'Malley has allocated proceeds from an increase in the alcohol tax for the next fiscal year. Vincent DeMarco, president of Maryland Citizens' Health Initiative, said Tuesday the majority of about $64 million expected to be raised by the sales tax increase approved last year will be directed to health care purposes and the developmentally disabled. Now DeMarco says his organization will work to make sure the General Assembly approves the governor's proposal.
November 15, 2011
I'M REALLY FURIOUS at Gov. Corbett and the attorney generals for not wanting to help me with my auto inspection rip-off complaint. They should've cracked down on crooked auto-repair shops that have been ripping off consumers with their crooked practices by forcing them to pay for the unnecessary repairs. (They sabotage their vehicles to make more money for themselves.) Yet they want to investigate JoePa and his former assistant coach for sex abuse and a possible cover-up? That really stinks!
November 1, 2011 |
Although it generates tons of cash, the Pennsylvania Liquor Control Board system has a dirty little secret: It does not produce much in the way of profits. Out of $1.5 billion in sales, the LCB ended with a net income of $52.5 million last year, according to a consultant's report released last week. The 285-page report, commissioned by Gov. Corbett, examines - sometimes in excruciating detail - the pros and cons of dismantling the system. Not surprisingly, the report by the PFM Group comes out in favor of privatization, which syncs exactly with Corbett's view.
October 31, 2011 |
Starting in the spring, Pennsylvania wants taxpayers to report their Internet purchases and pay a 6 percent tax if they didn't pay sales tax online. The state wants to stake claim to part of an estimated $345 million it says it will miss out on this year because most Internet and catalog retailers with no presence in Pennsylvania don't collect sales tax. The 6 percent "use tax," the same rate as the state sales tax, isn't a new levy. Few Pennsylvania taxpayers know that they are required to pay use tax if their online, catalog or out-of-state purchases on taxable items weren't taxed at the point of sale.