Senator eyes online tax to curb U.S. budget gaps

04/17/2011 | New York Post

Senator Dick Durbin, D-Ill., plans to propose legislation this week to tax online purchases in a bid to help curb U.S. states' budget shortfalls. Online sales in the U.S. are estimated to be growing at above 14% a year, reaching over $165 billion in 2010. Durbin's proposal would require e-tailers to collect tax on out-of-state purchases.

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