Treasury Secretary Discusses Remote Commerce Sales Tax

August 7, 2017 Addison Spriggs

In the course of testifying at a Senate Appropriations Committee hearing a few days ago, Treasury Secretary Steven Mnuchin hinted the Administration may be close to articulating a position on the application of sales tax to remote/internet commerce. Characterizing the issue as one of collection, Secretary Mnuchin recognized that tax revenue from online purchases is an important funding source for states.

The remarks came in the context of a discussion regarding the current tax collection practices of Amazon and other online retails. While Amazon has recently moved to collect and remit sales tax across the country, this approach does not apply Amazon Marketplace sales where third-party sellers are permitted to sell products on Amazon’s centralized platform. Currently, Amazon offers Marketplace sellers an optional state sales tax collection service.

Stay tuned to the Sovos Regulatory Feed for additional developments.

Previous Article
Massachusetts Sales Tax Holiday Remains a Long Shot

Massachusetts Governor Charlie Baker filed legislation that would create a sales tax holiday in the Commonw...

Next Article
IRS Releases 2017 Draft Forms 1094-B, 1094-C, 1095-B, and 1095-C

The IRS has released its 2017 Draft versions of Forms 1094-B, 1094-C, 1095-B, and 1095-C.


Regulatory Analysis News - Delivered Weekly

Thank you for subscribing!
Error - something went wrong!