Agreement on Internet taxes eludes deeply divided commission

Article Abstract:

The US commission appointed to advise Congress on Internet taxes may have no recommendations to report after a political split between committee factions. Eleven of the 19 committee members, representing the business and anti-tax factions have sided with Chairman James S. Glimore III, favoring a moratorium on Internet taxation until at least 2006. The Internet Tax Freedom Act, which brought the commission into being, calls for a majority vote of two-thirds or 13 of the commission members.

Tax Administration, Political activity, Executive advisory bodies, Gilmore, James S., III

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Panel on taxing Internet sales ends its meetings in disagreement

Article Abstract:

The meeting of 19 member Advisory Commission on Electronic Commerce agreed on every issue but one for extending sales taxes to Internet businesses. The panel couldn't agree on whether businesses that have sales personnel in a state and sell over the Internet should pay sales tax. The commission members seemed to fall into three groups: five against taxation, six business representatives, and eight from various government offices. The panels report moves to Congress without a recommendation

On-Line Information Services, Videotex & Teletext, Telegraph & other communications, Statistical Data Included, Online services, Internet services, Sales tax

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For Some, the Tax Cut on Investment Income Is Not as Sweet as Advertised

Article Abstract:

The alternative minimum tax can all but obliterate the savings of George W. Bush's tax cut of investment income. Tax lawyer John Buckley believes that the conflicts in the tax law are not a mistake by the Bush administration.

Tax Law, Legal issues & crime, Government regulation (cont), Government regulation, Tax Deductions & Exemptions, Legal/Government Regulation, Dividends, Dividend Policy, Interpretation and construction, Investments, Bush, George W., Tax deductions, Income tax, Minimum tax, Company dividends

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