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

Pic: Shutterstock

Textiles | On 26th Feb 2020

UK risks losing up to 14% of exports to EU if no deal: UN

Non-tariff measures could cause major fractures in post-exit UK-EU...

Pic: Shutterstock

Textiles | On 26th Feb 2020

Turkey's textile industry employs 1.67 mn: minister

Turkey's textile and garment industry currently employs around 1.67...

Pic: UNCTAD

Textiles | On 26th Feb 2020

Barbados unveils one-stop investment guide

As Barbados prepares to host the 15th quadrennial conference of the...

Interviews View All

Yash Maniyar, Rekha Maniyar

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Textile industry, Head honchos

Textile industry
Head honchos

Relaxation in FDI norms will support growth of retail sector

Top executives, Textile industry

Top executives
Textile industry

It will take some time for the people to change their buying choices

Will Qian,

Will Qian

Honghua Digital Technology Stock Co., Ltd. specialises in the R&D,...

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Vasudevan LK,

Vasudevan LK

Epson is a world leader in digital imaging and printing solutions....

Kevin Nelson, TissueGen

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

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

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

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

Leave your Comments


February 2020

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


Advanced Search