Sales Tax Changes

There are almost 10,000 sales tax jurisdictions in the US (over 5,000 in just 5 states: TX, MO, IA, AL, OK);
– In 2011, there were over 1,000 tax law and/or rate changes in these jurisdictions causing additional compliance and regulatory burden.
– There is a tremendous burden on businesses to track sales of goods and services, remit taxes appropriately, and face onerous penalties for inadvertent failure to comply and differing tax bases and definitions further increase complexity.

Adopting a uniform national sales tax partnership (I.e., one rate, one return administered by the federal government with most of revenues sent back to the states to support state projects) between the federal government and the states is a win-win for all taxpayers by reducing complexity for businesses, increasing business compliance, increasing understanding and predictability for consumers, and equitable sharing of tax dollars across the nation.