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Sales Tax? continued from page 20
Marketplace Equity Act of 2011 also requires states to designate a single entity to collect online sales taxes. That act exempts smaller businesses with sales of less than $1 million nation- wide, or $100,000 statewide. At present, 26 states meet the re- quirements of the Marketplace Equity Act. The Retail Industry Leaders Association (RILA) says both bills have bipartisan back- ing and stand a good chance of passing when Congress returns from summer recess. Many small e-retailers say
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they don’t have the resources to manage tax collection or the sales volume to charge tax, add- ing from six to nine percent to
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fi nal cost, and still offer competi- tive prices. But tax proponents contend that automated tax soft- ware programs have been used for years when dealing with out of state transactions, and should be a simple fi x for online compa- nies to implement the technology and comply with the law. Another big question is
whether consumers will buy less online if they have to pay sales tax. A 2010 study by e- commerce technology company, GSI Commerce, a unit of eBay Inc., found that one retailer took a 12 percent hit to sales after it started charging sales tax. A study by Forrester Research Inc. and Bizrate Insights found that eight percent of online shoppers say sales tax makes a big dif- ference in whether or not they buy online. ■
Profi t with Dollar
$tore Rewards continued from page 16
as storeowners at our exhibit to talk about the program with other storeowners. This is an incred- ible way for dollar store owners to grow their businesses.” To fi nd out more about the V.I.P. Dollar $tore Reward program, retailers are invited to contact Karl Kram- er and the Masi’s, and to visit
www.dollarstorereward.com. ■
Different Scents To Choose From!
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View Our Products at: Phone: 312-320-5862 / Email:
soaporders99@gmail.com
www.thesoapguy.com
For more information: Karl Kramer Tel.: 516-359-0930 Email:
kkramerandco@yahoo.com Christine and Matt Masi Tel.: 516-809-9660 Email:
Christine@thedollarstoreonline.com Email:
Matt@thedollarstoreonline.com
INDEPENDENTRETAILER
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