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Internet Tax Ban Likely To Become Permanent

Source: ww2.cfo.com - Dec 11, 2015

Sen. Ron Wyden, D-Ore., who in 1998 co-authored the original Internet Tax Freedom Act that was set to expire, on Wednesday said a ban on taxes on Internet goods and services, as well as Internet access taxes, will likely become permanent.

Wyden was able to include the permanent ban in the conference report for customs and trade enforcement legislation negotiated by the heads of the tax-writing committees in both the House and Senate. The legislation is expected to pass, according to The Hill.

“Extending the tax ban indefinitely would be a key victory for lawmakers who have tried for years to remove the sunset date on the 1998 ban, which has required several extensions,” the publication reported.

Category: General Business