Last week eBay Inc. Federal Govt. Relations representative Ali Gabel attended the 37th annual NACHA Conference in San Diego. The three day conference focused on the future of electronic payments and offered the opportunity to reach a wide audience of financial institutions, corporate, government and electronic technology provider decision-makers.
Gwen Ifill looks at the Internet sales tax debate with Brian Bieron of eBay Inc. and the National Retail Federation's Rachelle Bernstein.
Last week, on the floor of the U.S. Senate, Senate Minority Leader Mitch McConnell (R-KY) rose in opposition to the Internet sales tax bill that is currently being considered by the Senate. During his remarks, Leader McConnell explained that this legislation would create a new tax regime that would give states new powers to force small online retailers to comply with their laws, even if they don’t have any connection or presence in that state.
Over the past few days, Senator Max Baucus (D-MT), Chairman of the Senate Finance Committee, has been on the Senate floor multiple times to express his opposition to the Internet sales tax legislation that is currently being debated in the U.S.
Yesterday, Senator Hatch (R-UT) filed an amendment that includes seven improvements to the Internet sales tax bill currently on the Senate floor. Not only does the amendment include a provision that sunsets the new Internet sales tax regime in five years, it includes a provision that raises the small seller exception from $1 million in total remote sales to $10 million.