by Jason Farrell
Laissez Faire Books
Some legislation will just not stay dead.
A proposal by “small government” Republican congressman Bob Goodlatte would enable states to collect taxes on retailers who do business in their state– currently, they can only tax retailers who have a physical presence in their state.
This means that if your business is incorporated in Kentucky and you sell to a customer in New Hampshire, your customer would pay Virginia’s sales tax on your product, but New Hampshire would have “auditing power.”