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Michael Kercheval of the International Council of Shopping Centers discusses online sales taxes.
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Well as the online retail space grows so does the fight over online sales taxes and it only asides are always required to charge state sales tax like brick and mortar stores -- A loophole that my next guest says -- threatening American jobs and entrepreneurship.
Joining me now Michael -- he's the CEO of the international council.
A shopping centers Michael this argument -- been going on for a long time may brick and mortar stores say that they are now show rooms for Amazon.
But it's little and this is -- -- -- message -- set up now how can you argue with bowling alleys of where we aren't.
What -- where we are right now -- we can't go through another holiday season where there's not a level playing field between the brick and mortar retailers.
And the pure play out of state online retailers.
And -- Texas and it's and it's if it drives.
Consumption.
That's what they got a -- absolutely right absolutely right if it drives consumption and creates jobs it's good for the economy.
But what's not right what's not fair is there's it's apparent priced in equity because the pure play online out of state retailers.
Are not required to collect sales taxes.
Even though the consumer is required to pay -- but -- Amazon hasn't for a good example completely hypothetical here a distribution center in Florida which actually bid to -- But best best jobs in Florida why is that about both Amazon has a nexus in the state they are -- to collect sales taxes.
And that's part of the legislation that not legislation to Supreme Court decision that's over two decades old OK if you have a nexus in this state.
You're required to collect sales taxes if you sell to consumers in that state.
If you're out of this state and selling to consumers in that state.
That state that -- selling to does not have the right to ask the retailer took collect sales taxes from the consumer on -- anybody that most of it most states do although have some.
-- -- -- brick and mortar but at least some form of.
Office or or district got much distributions for shipping right reasons correct yeah -- not not that's not true most states do not.
And there are some states who have passed legislation you mentioned.
California Texas some of those states -- really needs to be put in place is a federal solution to don't have this patchwork wealth.
That hurts business and you're businessman trying to figure out all -- different state regulation what the public what's a fair number if there was a national amber what would it be fair number.
Of that's -- but what to charge.
But I think that I expert says some percent -- I don't think really matters -- -- it's charged and collected from all different retailers that make it you know I think you the end of today it's all about competition and yes about price and also -- to -- about convenience -- quality and service.
And that's how retailers ought to be competing all right well we're father -- tell lands obviously restock perspective Michael -- thank you very much Michael.
Gonna have -- -- -- thank you are right Dennis -- up.
