Senate edges closer to vote on Internet sales tax

Senate Majority Leader Reid holds a news conference on Capitol Hill in WashingtonBy Kim Dixon WASHINGTON (Reuters) – Legislation giving states the power to compel retailers outside their borders to collect online sales taxes, a touchy subject for Internet merchants, is likely to move forward in the Senate next week. Senate Majority Leader Harry Reid on Thursday filed a motion in support of the measure. Currently, states rely on consumers to self-report, which they rarely do. If approved, the change would be a win for brick-and-mortar stores like Wal-Mart Stores Inc., the world's biggest retailer, which backs the legislation. …


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