Tuesday, February 16, 2010

Virginia passes "Amazon" online retail tax bill; symbolic move or a real threat to affiliate programs?

The Virginia Senate passed legislation that would require the state to collect a 4.5 percent tax on online transactions conducted on online sites with a physical presence in the state.

The legislation is expected to die in the Virginia house, but if passed, may be vetoed by the new governor, Bob McDonnell, who has vowed to veto new taxes.