What is the current situation regarding sales taxes on Internet commerce? Who benefits? Who loses? Is the situation fair? Why or why not?
What will be an ideal response?
The companies that sell products on the Internet are the big winners because, in most instances, the customer only pays sales tax if the company has an actual physical store in the customer's state. The major losers are physical stores that sell products because they must charge sales tax, which often makes their products more expensive than the same products purchased online. States are also big losers; many of them rely heavily on sales taxes to fund services, sales taxes they often cannot collect when their residents make purchases online.
You might also like to view...
The market-required rate of return on a bond that is held for its entire life is called the:
A. coupon rate. B. yield to maturity. C. dirty yield. D. call premium. E. current yield.
As a part of IMC, marketers do which of the following?
A) use only one or two elements of the promotion mix at a time B) identify what information customers want and how, when, and where they want it C) focus on one-to-one marketing to the exclusion of mass marketing D) focus on increasing profit margins rather than lifetime value of a customer E) produce promotions in-house instead of using outside agencies