The National Puerto Rican Chamber of Commerce Supports Efforts to Limit Taxation of Online Goods and Purchases
UPDATE: April 10, 2014 The NPRChamber joins in supporting the Permanent Internet Tax Freedom Act (H.R. 3086) and the Internet Tax Freedom Forever Act (S. 1431). See the full pdf letter here.
The National Puerto Rican Chamber of Commerce (NPR Chamber) applauds legislative efforts to enact a permanent moratorium that seeks to eliminate discriminatory state and local taxation of all online purchases and transactions. When it comes to growing and expanding a business, the Internet is the premiere, go-to-source for all business owners. The Internet Tax Freedom Act works to ensure a healthy and fair digital marketplace, thus safeguarding opportunities for Hispanic and minority-owned businesses to continue to grow and innovate.
Online business transactions are not limited to a given state or country. The Internet Tax Freedom Act takes the global and multifaceted nature of the Internet economy into account by preventing online sales from being taxed at a higher rate and ensuring that only one state is able to tax an online transaction. The Act prevents the imposition of multiple taxes by states and municipalities, preserves small business’ ability to conduct online business, and protects consumers from discriminatory and costly taxation practices.