Taxes on online sales distort the retail market against brick and mortar retailers and creates additional economic costs.
Since the 1980s, economist Arthur Laffer, the man behind the eponymously named Laffer Curve, has been known as one of the originators of supply-side economics. According to the The Laffer Center website, the Curve illustrates “the positive impact that lower tax rates have on work, output and employment, which provide incentives to increase these activities. By contrast, raising tax rates penalizes people for engaging in these activities.” As a result, tax increases may result ...
Register for Complete Access (Valid Email Required)
Please register to get access to Taxing Online Sales Can Promote Growth, Study Shows as well as all of Business Finance's exclusive content.