|Marketplace Fairness Act Update|
ACMA, Members' Action Keeps MFA In Holding Pattern...At Least For Now
ACMA was told in mid-2012 that an Internet sales tax was a “done deal,” and that catalogers should be prepared to start collecting taxes on all transactions as of January 1st, 2013. Due to the hard work of ACMA, its members, and some allied associations that joined us in founding True Simplification of Taxation (TruST), this potential reversal of the Quill precedent to require all remote sellers to collect and remit taxes on every transaction obviously has not happened.
When the Senate approved the Marketplace Fairness Act (MFA) last May with little warning or debate, it seemed certain the House would follow suit quickly. Our TruST coalition jumped into action to successfully slow the process and reshape the debate. Work continues on this significant threat that would cost catalogers dearly in additional administrative and compliance costs, consumer confusion and complexity.
The key for catalogers is to have input into any changes made in Washington that impact our businesses. While relatively new for catalogers, because the ROI is so compelling, sophisticated industries stay engaged. ACMA continues to seek out companies that can develop a strong relationship with their senators and representatives. We challenge every company to get active with us to build a relationship with those in Washington that can dramatically impact our future. Member or not, ACMA will help you develop a relationship with those who count.