The Internet Tax Freedom Act and Marketplace
Congress has recently been considering legislation to make the Internet Tax Freedom Act (ITFA) permanent. ITFA proposes a moratorium on state and local taxes on Internet access. Another piece of legislation, the Marketplace Fairness Act would require certain e-commerce transactions to be taxed, including some over-the-top (OTT) streaming transactions and the like. These are two separate but linked pieces of legislation under consideration by the U.S. Congress, and if either is passed, communications service providers (CSPs) will face new taxation implications.This whitepaper will serve as an introduction of the two Acts, with a specific focus on what their passage might mean for CSPs, and how they should prepare for tax compliance. Submit the form to read more!