Congress to Pass Internet Sales Tax, Says Exactor CEO
The rise of ecommerce has reduced local brick-and-mortar retail sales and the corresponding sales taxes from those transactions — putting states and localities in a revenue bind. A hodgepodge of efforts from the states and, now, the federal government to address the shortfall, and to tax ecommerce sales, is firmly underway. To explain the status of Internet sales taxes, and the U.S. Congressional efforts at a nationwide solution, we’re joined by Jonathan Barsade. He’s a sales tax expert, and the founder and CEO of Exactor, a sales-tax management platform.