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It's Time to Prepare for Internet Sales Tax

Posted by accountingweb on Nov 21 2001 66 printer friendly
The Gartner research group has issued a warning that the current freeze on Internet sales taxes is temporary at best and that businesses involved in e-commerce should begin now to prepare themselves for the inevitable.

Predicting that sales taxes on Internet sales will become a reality by 2003, the group suggests that it's not a matter of whether items will be taxed, it's a matter of when and how much.

Gartner recommends [1] that businesses begin planning to accommodate sales taxes by improving their online business model so that it will be able to comply with state tax codes.

Tags 
Technology [2]

Source URL: http://www.accountingweb.com/topic/tax/its-time-prepare-internet-sales-tax

Links:
[1] http://www3.gartner.com/DisplayDocument?doc_cd=102644
[2] http://www.accountingweb.com/tags/technology