Last month, the U.S. Treasury Department announced the end of the ancient federal excise tax on long-distance telephone bills. Consumers should be wary of this seemingly positive development, as cash-strapped bureaucrats now press forward with plans for new technology taxes, threatening innovation. One of the most ambitious schemes is the Streamlined Sales Tax Project, a national effort by state legislators and local tax officials to cash in on the billion-dollar Internet economy.
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Here Comes the Technology Tax Man
Posted by: Sonia Arrison July 28, 2006 05:00 AMLast month, the U.S. Treasury Department announced the end of the ancient federal excise tax on long-distance telephone bills. Consumers should be wary of this seemingly positive development, as cash-strapped bureaucrats now press forward with plans for new technology taxes, threatening innovation. One of the most ambitious schemes is the Streamlined Sales Tax Project, a national effort by state legislators and local tax officials to cash in on the billion-dollar Internet economy.