| Follow Us:

Buzz

Ohio losing nearly all sales tax from Internet sales


Ohio is losing out on about $200 million a year, thanks to online purchases that avoid sales tax, reports WTAM 1100 in Cleveland.

Online retailers aren't currently required to collect sales tax for each state. Ohio requires online purchases to be claimed as a use tax when filing income tax returns. Researchers at the University of Cincinnati found that only 1 percent of the income tax returns filed included a use tax, but 60 percent of Ohioans surveyed say they make online purchases.

Read the full story here.
Share this page
0
Email
Print