[FISCAL NOTES] August Newsletter Explores Thorny Issue of Taxing Internet Sales

Texas Comptroller of Public Accounts sent this bulletin at 08/03/2015 09:24 AM CDT
Fiscal Notes: A review of the Texas Economy from the Texas Comptroller of Public Accounts
  
Fiscal Notes Takes an In-Depth Look
at Future of Internet Sales Tax Collection
 
  Photo of a delivery driver and various parcels.
 
Internet shopping captures an ever-growing share of retail sales, but many online sellers don't collect sales tax. Where does that leave state and local governments that depend on sales taxes — and the services they support?

In the August 2015 issue of Fiscal Notes, we cover that question in depth, giving readers a primer on sales tax basics, as well as an overview of sales tax collection issues ahead. 

We also survey the prevalence of British-owned ventures in Texas, and we highlight the history of Tax and Revenue Anticipation Notes and our decision not to issue that type of debt obligation in 2016.

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