Taxing Web Wallets CSIS . . . Without knowing it, most broke the law.
Compliance is virtually nil.
Freedom from a thicket of 30,000 state and local taxing jurisdictions has provided predictability to the Web economy. But we have yet to address the long-term tax consequences of the movement of trade on line. That's a lot of lost sales tax. When the moratorium expires in 2001, the Internet will become fair game. Retailers who can't or won't sell on line, from barbers to boutiques, will clamor for equal sales tax treatment.