News

JA urges U.S. government to tax internet sales

Signs a letter along with 100 trade & government associations, large retailers and unions

diamond world news service

Jewelers of America (JA) along with 100 trade & government associations, large retailers and unions are keen that the U.S. Congress implement the Sales Tax Fairness and Simplification Act, which would allow U.S. states to mandate that sellers located in a different physical location from the buyers, must collect sales tax, specifically pertaining to the sales on the Internet and by catalog retailers. The JA and participating companies signed a letter to this effect.

The law has been designed similar to the Streamlined Sales and Use Tax Agreement, which is a voluntary harmonisation agreement that not all states have signed. Since 2002, JA has been favoured that the sales by online jewellery sellers be taxed in faurness to the traditional retail jewellers.


Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet

Van Cleef & Arpels Unveils 'Fleurs d’Hawaï' Collection at Dumfries House, Celebrating Nature and Craftsmanship

Florida Couple Discovers Rare 3.36-Carat Diamond at Arkansas’ Crater of Diamonds

Fancy Colour Diamond Prices Surge 205% Since 2005, Says Natural Diamond Council

British Luxury Brand Anayah Breaks Barriers with First Female Artisans in India

De Beers' Payments to Namibia Fall Amid Diamond Market Slump