Preview

Marketplace Fairness Act

Good Essays
Open Document
Open Document
501 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Marketplace Fairness Act
Marketplace Fairness Act

This Marketplace Fairness Act is not about being fair to traditional local stores or about the competitive advantage that virtual stores have over brick-and-mortar retailers but about many States needing revenue to provide social services and other important emergency services that are vital to the city, county and states.

It is true that online retailer have many advantages over the traditional local stores taxes are not the only disadvantages they have there is also other operational expenses like rental of showrooms, storage, utilities, distribution cost, payroll, advertising; but small mom and papa shops also are competing with Warehouse clubs and superstore giants like Walt-mart; there is no a legal way to level the playing field for all the disadvantages.

However paying sales taxes in all goods and services is the law and there should not be exemptions and special treatment for internet retailers or any other kind whether they are in Main Street or not.

The sales taxes laws are no new, and this bill is only allowing the collection of existing taxes; since Sears Roebuck and Montgomery Ward came out with their Sales first catalog or when catalog sales became popular there was always a way to collect taxes. New technology is changing the way we do business but that should not be an excuse to make exceptions or to put traditional retailers that are an integral part of their communities in more disadvantages position that they already are.

Smaller Web retailers have opposed the Marketplace Fairness Act, however, arguing that it would be too difficult to calculate and collect sales taxes from every state and locality that requires them.
As online retailers oppose to the legislation most of the burden of this tax fall on the buyer, not in the seller, the buyer will have to pay up to 10.725% more for their purchases depending where their place of residence is located but it is also true that it will be complicated to

You May Also Find These Documents Helpful

  • Better Essays

    References: Banks, M. (2011). Retail giant files suit to enfore tax laws against online giant Amazon.com. Retrieved from http://www.associatedcontent.com/article/9122299/retail_giant_files_suit_to_enforce.html…

    • 1592 Words
    • 7 Pages
    Better Essays
  • Satisfactory Essays

    Cross 9e TBB Ch27

    • 2502 Words
    • 13 Pages

    A territorial or customer restriction is currently considered a per se violation of antitrust law.…

    • 2502 Words
    • 13 Pages
    Satisfactory Essays
  • Better Essays

    Robinson-Patman Case

    • 1659 Words
    • 7 Pages

    A seller charging competing buyers different prices for the same "commodity" or discriminating in the provision of "allowances" — compensation for advertising and other services — may be violating the Robinson-Patman Act. This kind of price discrimination may give favored customers an edge in the market that has nothing to do with their superior efficiency. Price discriminations are generally lawful, particularly if they reflect the different costs of dealing with different buyers or are the result of a seller's attempts to meet a competitor's offering.…

    • 1659 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    To ever upside there is a downside. There are disadvantages to consider when deciding to market retail online. Those disadvantages include cost, the amount of people shopping online, website navigation, reluctance to release personal information, and the need for comparison shopping. These disadvantages are important to have planned against because getting customers to shop at your site can…

    • 2835 Words
    • 12 Pages
    Powerful Essays
  • Satisfactory Essays

    LAW 421 Week 3

    • 311 Words
    • 2 Pages

    In this article, one of the legal issues clearly shown is monopoly because the SOA would have all control. Another legal issue would be that it is unconstitutional due to private businesses not being affected like the public businesses would. This would suggest that private and public businesses did not have the same rights and/or advantages.…

    • 311 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    btec ict level 3

    • 870 Words
    • 4 Pages

    When e-commerce are now one of the most popular ways to shop, this then puts traditional business in damage which threaten their business. However this is an issue for those who doesn’t have Internet access. Less fortunate customers have a disadvantages when it comes down to buying online, this could be because they use old fashion internet like Dial-up (56K), also there could be no internet access because the broadband is not available in the area. Furthermore there could be customers with low income won’t be…

    • 870 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    Review Questions

    • 601 Words
    • 3 Pages

    2) Would it be a violation of equal protection for a state to impose a higher tax on outof-state companies doing business in the state than it imposes on in-state companies if the only reason for the tax is to protect the local firms from out-ofstate competition? Explain.…

    • 601 Words
    • 3 Pages
    Powerful Essays
  • Powerful Essays

    ABA Model Rules Summary

    • 1444 Words
    • 6 Pages

    Nevertheless, the opposition’s most polarizing argument was the “Fear of Sears” reflected the concern that large corporations, such as Sears, would overwhelm “the legal marketplace, putting many small firms and sole practitioners out of business.” The Kutak Commission’s Proposed Rule 5.4 did not survive this “Fear of Sears” and was rejected by the…

    • 1444 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Abolish the Penny

    • 474 Words
    • 2 Pages

    The bill will eliminate the penny from our currency and retailers will have to round the total after tax down to the nearest 5 cents. This bill could save consumers money on their purchases.…

    • 474 Words
    • 2 Pages
    Good Essays
  • Good Essays

    If you're wondering which side is right, you must first understand what the Fair Tax Act is all about. Basically, it will abolish almost all kinds of federal taxes (including income, estate, and capital gains taxes) and replace it with sales tax. If the act becomes approved, the federal government will earn taxes from retail goods, which will have a 23 percent sales tax. Imported goods, secondhand items, and materials bought by businesses to manufacture their products are exempted from this tax.…

    • 598 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Question 1 Peng & Lau, a firm of accountants, recently purchased a laptop computer from computer retailer Ace Computers Ltd for $5,000. The laptop was acquired for use by the auditing staff of Peng & Lau during the times when they are working at the premises of clients of the firm. A term of the contract between Peng & Lau and Ace Computers provides that the liability of Ace Computers in relation to any defective computer is restricted to the cost of repairing the relevant defect(s). Soon after the laptop is acquired, it is discovered that, because of faulty wiring, users of the laptop receive an electric shock if they use the laptop while the batteries of the laptop are being recharged. One consequence of this problem with the laptop is that Peng & Lau lose the opportunity to tender for a highly profitable audit job in relation to a new client. What legal rights (if any) do Peng & Lau have against Ace Computers Ltd?…

    • 933 Words
    • 4 Pages
    Good Essays
  • Good Essays

    “Yet for over 100 years, the antitrust laws have had the same basic objective: to protect the process of competition for the benefit of consumers, making sure there are strong incentives for businesses to operate efficiently, keep prices down, and keep quality up.” ("The Antitrust Laws | Federal Trade Commission", 2014)…

    • 623 Words
    • 3 Pages
    Good Essays
  • Good Essays

    This act is force you to pay a 3 cent tax on sugar It also increased taxes on coffee indigo, and wine and molasses.…

    • 1034 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Case Study: Gamestop

    • 1119 Words
    • 5 Pages

    Based on the analysis of the five forces it is apparent that online gaming is extremely competitive, and not appealing. This boast well for GameStop’s brick-and-mortar stores, as it suggests that because the online gaming industry is so competitive it may deter its customers causing them to look at a more familiar company. GameStop not only has physical stores can go to, but also provide a wide rage online store with competitive pricing.…

    • 1119 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Hals Hardware Case

    • 716 Words
    • 3 Pages

    Not allowing customers to research and order items such as wheelbarrows and plants online and picking them up in the store.…

    • 716 Words
    • 3 Pages
    Good Essays