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Business & Economics PRESS ROOM |
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California Amazon Tax Will Kill 25,000 Small Businesses
Submitted by Katy Grimes on 7.1.2011
With the California legislature having just passed a flawed budget full of accounting tricks, budget gimmicks and money grabs, one area of small business is about to be taxed right out of business - just so that the state can fill a budget hole instead of making necessary and substantive cuts. One of the budget trailer bills contains three formerly separate Internet tax bills now wrapped into one, to tax all Internet purchases made in California.
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