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2/12/2004

Taxing the Internet

Taxing the Internet

"The pressure for doing something just keeps growing," said Bill Fox, director of the Center for Business and Economic Research at the University of Tennessee and a tax policy expert. He said major retailers including Wal-Mart and trade groups support voluntary reporting, states are working together, and the courts await a challenge if Congress doesn't act.

He expects the days of the virtually tax-free Internet will end in a few years.