$15 Billion Tax Prevented by PIFTA
Politics / Regulation / Tax / U.S. Senate

$15 Billion Tax Prevented by PIFTA

If the Senate opts in for H.R. 3086, the Permanent Internet Tax Freedom Act (PIFTA), $14.7 billion in taxes will be averted every year. During the Internet boom of the 1990s, Congress passed the Internet Tax Freedom Act (IFTA), which prevented state and local governments from collecting Internet specific taxes. Sponsored by Senate Finance Committee … Continue reading