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Article Name :Jewelers of America Asks Congress to Back Tax Changes
Referral :Israeli Diamond News
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Jewelers of America (JA) has signed a letter appealing to members of Congress to pass the Sales Tax Fairness and Simplification Act.
The act would permit US states to require remote retailers to collect and remit sales and use taxes on Internet and catalogue purchases. The bill aspires to ensure that websites and remote retailers charge state and local taxes much like retail stores.
A group of 100 retailers, including the International Council of Shopping Centers, Wal-Mart and JCPenney, initiated support for the act.
The letter, which was sent to Republican Senator Mike Enzi and Democratic Representative William J. Delahunt, states that while brick-and-mortar retailers are required to collect state and local sales taxes, many online and catalogue retailers are not: "This uneven and complex system imposes substantial costs on retailers and consumers and costs states and localities billions in lost revenue."
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