Home / Knowledge / News / Apparel/Garments / NRF welcomes Act closing sales tax disparity
NRF welcomes Act closing sales tax disparity
15
Feb '13
The National Retail Federation welcomed the introduction of the Marketplace Fairness Act, saying that the new bipartisan and bicameral bill demonstrates progress on moving sales tax fairness legislation this session.

“For far too long local retailers and small business owners have been saddled with a competitive disadvantage with online retailers - sales taxes,” NRF Senior Vice President for Government Relations David French said. “While store owners collect and remit state and local sales taxes their digital competitors are off the hook – and benefiting because of it.”

“This sales tax disparity hinders community-based retailers, hurts Main Street jobs, and has lead to a $24 billion loss for state and local governments,” French said. “As e-commerce and m-commerce continue to increase in market share, it’s time Congress allows all retailers to compete on the same playing field.”

The Marketplace Fairness Act seeks to close the sales tax disparity by granting states the authority to require remote and online sellers to collect sales and use tax at the point of purchase. The bill specifies that states would need to simplify and streamline their sales and use tax definitions and obligations before implementation, and provide sellers with free software to help them comply.

“This bill grants states the ability to collect taxes that are already owed,” French said. “The Marketplace Fairness Act reinforces free and fair competition in the marketplace, protects states’ rights, and brings much-needed simplification to the nation’s complex sales tax system. NRF has long-supported a federal solution to address the sales tax disparity that is flexible enough for states to implement and easy enough for small businesses to comply with.”

To advance this retail priority, NRF has joined with other stakeholders, including the International Council of Shopping Centers, National Association of Real Estate Investment Trusts, National Association of Wholesaler-Distributors, and Retail Industry Leaders Association to form the Marketplace Fairness Coalition, which is dedicated to advancing the Marketplace Fairness Act.

As the world’s largest retail trade association and the voice of retail worldwide, NRF represents retailers of all types and sizes, including chain restaurants and industry partners, from the United States and more than 45 countries abroad. Retailers operate more than 3.6 million U.S. establishments that support one in four U.S. jobs – 42 million working Americans. Contributing $2.5 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

National Retail Federation

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Apparel/Garments | On 25th May 2017

AAFA reinforces opposition to Border Adjustment Tax

The American Apparel & Footwear Association (AAFA) has reinforced its ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search