Anti-Quill Tax Threat Will Deepen This Year
January 18, 2013
Anti-Quill Tax Threat More Severe This Year
Than Ever Before Unless Industry Mobilizes
Than Ever Before Unless Industry Mobilizes
Dear Industry Participant:
Experts think it is inevitable that Congress will overturn the Quill precedent sometime this year. As a result, all remote marketers will be required to collect sales tax on every single transaction, both B2C and B2B, for more than 9,600 taxing jurisdictions. There’s a lot at stake here; consider all that remote marketers will have to deal with:
- be subject to sales / use tax audits in 46 different states
- face thousands of different tax reporting forms and remittance processes
- be subjected to new corporate taxation and regulatory compliance by virtue of creating nexus in multiple new jurisdictions
- depending on company size, compliance estimates vary but run as high as 17% of the tax collected and all this for a paltry third of a percent in new revenues for states and municipalities
- and more!
Sincerely,
Hamilton Davison
President & Executive Director
American Catalog Mailers Association
www.catalogmailers.org
Direct: 401-529-8183
hdavison@catalogmailers.org
