E-commerce companies selling products to residents in the US state of Florida will have to collect a 6 per cent sales tax beginning July 1. The new tax is expected to raise $1 billion in revenue, which is planned to be used to support the state’s Unemployment Compensation Trust Fund, preventing a tax hike on businesses to maintain the solvency of the fund.
Source: fibre2fashion.com
Latest Posts in "United States"
- Norway’s EV Revolution: What Happens When Electric Cars Dominate and Incentives Fade
- The Supreme Court’s IEEPA tariffs ruling is coming
- California Faces New Wave of Local Sales Tax Hikes Amid Legal Loopholes and Voter Confusion
- New Hampshire Launches Tax Amnesty Program Covering Multiple Tax Types, Waives Penalties and Reduces Interest
- Nevada Moves Sales and Use Tax Return Due Date to the 20th of Each Month
