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Tuesday, July 5, 2011

Taxes

News                                                                                                                             
WSJ | Deficit Talks Focus on Taxes
Democrats, GOP at Odds Over Raising Revenue as Negotiations Hit Critical Stage.
MarketWatch | Obama: U.S. can’t afford all corporate tax breaks
Indiana’s Coats says president’s economic policies have failed.

Reports                                                                                                                         
Tax Foundation | California Becomes Seventh State to Adopt "Amazon" Tax on Out-of-State Online Sellers
Beginning July 1, California's "Amazon" law goes into effect. Named after their most visible target, these laws deem an out-of-state company to be an in-state company for sales tax collection purposes if the company receives commissioned referrals from in-state resident "affiliates."