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Table of Contents

Lead Story

Healthcare, the next big market for electronic payments

Patti Murphy
ProScribes Inc.

News

Industry Update

Small banks push for fair share of breach settlements

Digital financial services explored in global meet-up

Is the domino effect accelerating Apple Pay adoption?

Information sharing companies join forces to fight cybercrime

W.net celebrates 10 years

Features

Are merchants technology ready?

Nipping mobile fraud in the bud

Views

Real-time chat, big-time payments issues

Dale S. Laszig
DSL Direct LLC

Education

Street SmartsSM:
Controversial questions and answers - Part 1

Jeffrey I. Shavitz
Affinity Solutions Inc.

What to look for in a POS solutions provider

Manan Mehta
POSsible POS Inc.

ISO legal blunders

Adam Atlas
Attorney at Law

Networking tips to grow your business

Michael Gavin
Cayan

Company Profile

Global Processing Systems

AnywhereCommerce

New Products

Generosity in a new type of jar

DipJar
DipJar Inc

Automated pen-testing, PAN scanning

Cyber Attack Readiness ToolKit
Conformance Technologies

Inspiration

Watering the good seeds

Departments

Readers Speak

GS Books Notes

Resource Guide

Datebook

A Bigger Thing

The Green Sheet Online Edition

May 25, 2015  •  Issue 15:05:02

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Readers Speak

A rationale for the MFA

Dale S. Lazig, Staff Writer at The Green Sheet, received the following note from Sen. Bob Casey, D-Pa., in response to her inquiry about the Marketplace Fairness Act:

Thank you for taking the time to contact me with your thoughts on taxes applied to internet purchases. I appreciate hearing from you about this issue.

Under current law, a state cannot compel out-of-state vendors to collect sales tax on purchases made by its residents. As a result, if a merchant in one state ships a product to a consumer in a different state, the merchant is not required to collect and remit the sales tax imposed by the home state of the consumer. Therefore, as a practical matter, many internet purchases are tax free, placing traditional retailers at a disadvantage.

On Feb. 14, 2013, Senator Michael B. Enzi of Wyoming introduced the Marketplace Fairness Act, which would address the administration and collection of state sales taxes on purchases made online. Under this legislation, states that complied with certain simplification requirements, including establishing a uniform sales tax base throughout the state and providing free compliance software to retailers, would be permitted to require out-of-state vendors to collect and remit sales [taxes] on purchases made by their residents. Small businesses would be protected by an exemption for retailers with annual remote sales of less than $1 million.

The bill would not raise any federal tax revenue. Instead it would simply allow states to collect the tax they are already owed. Pennsylvania, like many other states, already requires its residents to pay applicable sales and use taxes on all purchases, regardless of whether they take place online or at a physical store. The Marketplace Fairness Act would allow Pennsylvania to collect these unpaid taxes, providing an estimated $700 million a year for the Commonwealth's budget.

On May 6, 2013, I voted in favor of the Marketplace Fairness Act, which passed the Senate by a vote of 69-27. The bill was under review by the House of Representatives when Congress concluded legislative action for the 113th Congress. In order for this legislation to be considered again by the Senate, it must be reintroduced in the 114th Congress, which began on Jan. 6, 2015. Please be assured that should this or any similar legislation come before the Senate for consideration, I will have your views in mind.

Again, thank you for sharing your thoughts with me. Please do not hesitate to contact me in the future about this or any other matter of importance to you.

For more information on this or other issues, I encourage you to visit my website, http://casey.senate.gov. I hope you will find this online office a comprehensive resource to stay up-to-date on my work in Washington, request assistance from my office or share with me your thoughts on the issues that matter most to you and to Pennsylvania.

Sincerely,

Bob Casey, United States Senator

What's your take on the MFA, other issues?

Do you agree or disagree with Sen. Casey? What do you think about other issues and trends in the industry? Fill us in via email to greensheet@greensheet.com.

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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