Taxation is a unrelated topic in a technology blog..but the recent discussions in the state of MN on taxing internet downloads and internet purchases has triggered a serious debate on the topic in the technology circles.
Currently any internet download and most of the internet purchases are not taxed in Minnesota and several other states. It is getting taxed in around 10 states as of today. The taxing will make sure that internet retailers will be treated on par with the Brick & Mortar shops and this will lead them to gain a bit on their internet rivals.
I don't know whether this is good or not...There are pros and cons..
pros...
more revenue for government
Brick & Mortar stores can perform better..
cons..
It reduces the effectiveness of the internet companies..
the internet downloads have lesser carbon footprints and taxation will affect one of the greenest businesses...
what do you think?
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