If the internet sales tax passes, do you think ebay will provide a way to have a resale certificate
zas107
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What do you think?
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<< <i>maybe eBay will re-think the fees they charge... >>
surely you jest.
<< <i>
<< <i>maybe eBay will re-think the fees they charge... >>
surely you jest. >>
They surely will have to figure out how to add their fees to the tax, not a cent left without is their motto.
Internet Sales Tax
I wonder how many dealers actually do more than $1 Million in business anually to require them to collect sales tax.
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<< <i>No.Why would they? What for? >>
Because if you are a dealer buying on ebay, it would be quite onerous to have to send a copy to every seller you buy from, wait for a new invoice etc.
<< <i>Because if you are a dealer buying on ebay, it would be quite onerous to have to send a copy to every seller you buy from, wait for a new invoice etc. >>
Chicken Little syndrome
If the Marketplace Fairness Act (MFA) passes, any merchant that has over 1 million in sales (not profit) will be required to know the sales tax regulations for every state and follow them.
How would ebay know your gross sales? They can see what you have sold on ebay but not other venues. So how would they know who to collect the taxes for and who not to? and better yet, why would they want to collect your taxes for you?
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per year. The problem will come when a seller goes over $1 million during the year. That means
that sales taxes will be due on all sales year to date RETROACTIVELY, not from that point forward.
Ebay will probably have to withhold taxes on all sales to prevent this. Sellers who sell less than
$1 million in a calendar year will get the money back. At some point. It will be a mess, you can
see why Ebay strongly opposes this.
It is not clear whether Ebay will remit sales taxes or the seller. For the dealer selling to a dealer
it would be better if Ebay is the point where sales taxes are collected and remitted to the
states
itself have to deal with collecting it via Paypal checkout -- which would be the easiest way to do it -- but it might
cost eBay 1/4 cent per transaction.
If Ebay was SURE that the burden would fall entirely on the sellers, they would make it a category in DSR star
ratings "Are you happy about paying your sales tax?" and if more than 1/2 of 1% of buyers gave one or two
stars, Ebay would use it as an excuse to take away the 20% Top Rated Seller fee discount.
<< <i>
<< <i>
<< <i>maybe eBay will re-think the fees they charge... >>
surely you jest. >>
They surely will have to figure out how to add their fees to the tax, not a cent left without is their motto. >>
On eBay's $30 billion a year in gross completed sales, simply running an average 8% sales tax through their
Paypal subsidiary at 2.7% credit card fee results in $64,800,000 additional annual earnings for eBay.