A Great Day for eCommerce - Internet Remains Access Tax-Free, Sales Up 23%

Ushering in the weekend is a barrage of great news for online retailers - TechCrunch and Reuters reported yesterday that the Senate has passed an extension on the internet access tax moratorium, while eCommerce sales have jumped up 23% in the third quarter of 2007. At this point, total eCommerce sales are on track to hit $200 billion dollars by the end of the year. The tax extension can only help future growth in 2008 and beyond, though the Senate and House have yet to agree on just how long this exemption will last (the Senate is arguing for seven years, while the House wants four). In any case, it’s been a banner week for eCommerce… time to take your staff out to lunch to celebrate with all that money you’re making on rising sales that WON’T be going to access tax.
Posted by Chris | October 26, 2007


