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1972 – Over 45 years of service to the commercial industrial retail real estate industry – 2018.

UNCOLLECTED SALES TAX HURTS RETAIL REAL ESTATE INDUSTRY

July 30, 2010

An op/ed penned by our very own Rex Hime, explains how what was once a useful and needed policy has become an anachronism that is hurting sales tax revenues in California. Thanks to a U.S. Supreme Court ruling issued years before Internet commerce was prevalent, online retailers do not collect state sales taxes, but instead place the burden of reporting on the consumer. That means consumers can buy online the same products that small businesses sell in their stores, even though out-of-state retailers operating on the Web can exploit a loophole to get around collecting the sales tax. Clearly this gives those out-of-state retailers a competitive advantage and hurts California’s small businesses. Click here to read the full story and find out why the state is giving up $3.6B in revenue.

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