Republicans in Congress have all but killed off the Marketplace Fairness Act, a long-debated bill that calls for online retailers to collect sales tax in the same way as brick-and-mortar stores.
Prime minister Viktor Orban says Hungary will hold a national consultation on the matter from January, but for now the people have spoken.
The Hungarian government hopes to raise tens of millions of dollars each year from the tax, but the country’s opposition is less than pleased at the proposal.
A plan to make out-of-state internet merchants collect taxes could soon become law. Is the law simple fairness or does it mean more tax and regulation?
Retailers have long complained it’s unfair that online retailers don’t have to collect the same sales tax. Now that a proposed law is about to change that, politicians are warning it will hurt the internet economy.