Florida Gov. Ron DeSantis signs online sales tax bill estimated to produce $1 billion a year
Proposal (SB 50) widely supported by Tallahassee business groups
Jim Turner, News Service of Florida
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Gov. Ron DeSantis late Monday signed into law a plan to require out-of-state online retailers to collect sales taxes on purchases made by Floridians, with the estimated $1 billion a year in revenue going to curb a pair of taxes on Florida businesses.
While the proposal (SB 50) was widely supported by Tallahassee business groups, DeSantis’ signature came with far less fanfare than when he appeared Monday morning in Polk County to sign a controversial bill (HB 1) about cracking down on violent protests.
| UPDATED: 11:08, Thu, Mar 4, 2021
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Chancellor Rishi Sunak delivered his Spring Budget on Wednesday with a string of new financial measures to see the UK economy out of the coronavirus pandemic. Not included in the speech was a proposal to introduce a tax on online commerce. But on Thursday, Mr Sunak was pressed to clarify whether such a tax was still an option for the Treasury. In an interview with LBC host Nick Ferrari, the Chancellor hinted an online sales tax be still in the pipeline.
The North Pole City Council has taken the first step toward collecting online sales taxes.
The North Pole City Council has taken the first step toward collecting online sales taxes. The council voted unanimously Tuesday to advance an ordinance that would enable the city to collect its 5-and-a-half percent sales taxes on goods and services bought from non-local sellers.
Mayor Mike Welch says the tax would be fair because it would treat out-of-town businesses like the locals, which are collecting the sales tax.
“It levels the playing field for the people who have the traditional brick and mortar store, because they are taxed,” he said.
| UPDATED: 15:11, Wed, Feb 17, 2021
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The details of Rishi Sunak s second Budget as Chancellor are yet to be announced, but there s been no shortage of speculation about what could be on the cards. Tax changes are expected by many, and there have been some suggestions from experts that this could include an online sales tax.
Britain plans to tax retailers and tech companies whose profits have soared during the COVID-19 pandemic, the Sunday Times reported, citing leaked emails. The government has summoned companies to discuss how an online sales tax would work, while plans are also being drawn up for a one-off “excessive profits tax”, the newspaper reported. Finance minister Rishi Sunak is unlikely to announce these taxes at the budget announcement scheduled for March 3, which will focus on an extension of the COVID-19 furlough programme and support for businesses, the report said. They are instead likely to surface in the second half of the year.