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Lame-duck Davis Signs Internet Tax Bill
"Gov. Gray Davis offered a gift to Gov.-elect Arnold Schwarzenegger by signing legislation that will include California in a national effort to develop a fair system for taxing sales on the Internet," reports the San Francisco Chronicle. "SB157, authored by Sen. Debra Bowen (D-Redondo Beach), allows California to join 38 other states in the Streamlined Sales Tax Project (SSTP), an effort to come up with national standards that will make it possible to extend sales taxes to Internet purchases in an equitable way." In "Internet Tax: The New OPEC for Politicians," Cato Fiscal Policy Analyst Veronique de Rugy writes that "state governments actually are banding together to create a tax cartel that would not only lead to higher taxes but also would be a flagrant violation of the Constitution." De Rugy and Adam Thierer, Cato's director of telecommunications studies, collaborated the forthcoming study, "The Internet Tax Solution: Tax Competition, Not Tax Collusion," to be released by Cato on October 23.
"Gov. Gray Davis offered a gift to Gov.-elect Arnold Schwarzenegger by signing legislation that will include California in a national effort to develop a fair system for taxing sales on the Internet," reports the San Francisco Chronicle. "SB157, authored by Sen. Debra Bowen (D-Redondo Beach), allows California to join 38 other states in the Streamlined Sales Tax Project (SSTP), an effort to come up with national standards that will make it possible to extend sales taxes to Internet purchases in an equitable way." In "Internet Tax: The New OPEC for Politicians," Cato Fiscal Policy Analyst Veronique de Rugy writes that "state governments actually are banding together to create a tax cartel that would not only lead to higher taxes but also would be a flagrant violation of the Constitution." De Rugy and Adam Thierer, Cato's director of telecommunications studies, collaborated the forthcoming study, "The Internet Tax Solution: Tax Competition, Not Tax Collusion," to be released by Cato on October 23.
