Internet Taxation Panel May Delay Report | AccountingWEB

Internet Taxation Panel May Delay Report

Following up on a story we published last month, it appears as if the Congressionally appointed Advisory Commission on Electronic Commerce may not complete its much anticipated report in April 2000, as originally expected.

The U.S. Senate's primary sponsor of the panel, Sen. Ron Wyden (D-OR), has suggested that the Commission may need more time to file their report than first anticipated due to disagreement on a few core issues. Wyden commented that the panel is stuck on a few details that are delaying progress, including for example, taxation of mail order sales.

Other delays were due to funding issues, which have now been resolved thanks to the support of several large companies. Because the progress is delayed, Sen. Wyden said he would seek more time from Congress for the panel's report.

Wait, there's more!
There's always more at AccountingWEB. We're an active community of financial professionals and journalists who strive to bring you valuable content every day. If you'd like, let us know your interests and we'll send you a few articles every week either in taxation, practice excellence, or just our most popular stories from that week. It's free to sign up and to be a part of our community.