Best Buy Endorses Retail Tax Legislation
Best Buy said earlier this week that it "welcomes" the introduction of a bill by Sen. Richard Durbin (D-Ill.) which would set a framework for requiring online sales taxes.
"We applaud Sen. Durbin for his effort in recognizing the need for fairness in the marketplace and giving states the ability to collect sales taxes already due," Laura Bishop, Best Buy's senior director of government relations, said as part of the announcement.
"Currently, there is a perceived price advantage of 5 to 10 percent based on uncollected sales taxes. This effort by Sen. Durbin helps level the playing field by allowing all sellers to compete on the same terms. We look forward to working with Sen. Durbin and Republican leaders to move forward a comprehensive approach to addressing this fundamental unfairness in the marketplace."