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TACIR panel weighs vendor compensation and technical hurdles for sales-tax collection
Summary
Panelists and commission members discussed whether Tennessee should compensate businesses for collecting sales taxes, technical challenges in parsing tax by product at point of sale, and policy options including capped vendor compensation, universal carding and enforcement/registry models.
A TACIR panel convened to examine the costs to businesses of collecting state and local sales taxes and to discuss models for vendor compensation.
Dr. Bill Fox, University of Tennessee professor emeritus, said many states compensate vendors in some form and cautioned about size and distribution of any compensation. He noted that “if you give vendors comp … you may actually end up making money for big businesses” and emphasized tradeoffs between supporting small…
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