The burden of calculating tax collections on thousands of goods at a myriad of rates under various conditions will fall heavily upon all but the largest of retailers, who, I am certain, love this proposal.Maybe not.
Statement of Del Threadgill, Vice President of Taxes,...."I am here today to express the retail industry's strong opposition to a proposed National Retail Sales Tax (NRST)"....J.C. Penney Company, Dallas, TX, and
Chairman, Taxation Committee, National Retail Federation
I was referring to the Wal*Mart's of the world as the exceptions.
Maybe not.And let's not forget the Retail Industry Leaders Association.
"RILA urges members of Congress to oppose national retail sales tax legislation, and asks that they not cosponsor the Linder/Chambliss legislation. Any tax reform legislation considered by Congress this session should be developed with the full input of RILA member companies."