Question: 1. Some countries have a Value Added Tax (VAT) or a Goods and Services Tax (GST), a form of national tax. How do these national
1. Some countries have a Value Added Tax (VAT) or a Goods and Services Tax (GST), a form of national tax. How do these national taxes work? Would it make sense for the US to eliminate local sales taxes and implement a national sales tax? Are sales taxes only a State tax code, or can we find sales taxes in the Internal Revenue Code? Why is VAT better?
Internal Revenue Code sections
2. Internet (eCommerce) companies used to have an advantage over brick-and-mortar businesses. Based on the Wayfair Supreme Court Case, if an eCommerce company ships from one State to another, State sales tax is collected. Is this fair to the eCommerce business or the brick-and-mortar local businesses? Or is taxing the eCommerce company more about a State collecting sales tax? What Internal Revenue Code Sections were impacted by the Wayfair case - or was it only a State income tax issue?
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