NEWS: Group Says GA Losing $750 Million in Online Sales Taxes Because of Mega Retailers
Georgia is losing out on considerable revenue generated by online sales taxes, a newly formed activist group says.
The totals of dollars not collected equal hundreds of millions of dollars, according to the Faith, Justice and Truth Project, who said big retailers are not fully collecting and remitting sales taxes – to the tune of $750 million.
The FJTP is a newly formed institute focused on promoting economic justice and popular education among Georgia’s communities and people of faith.
The report, titled “Georgia Sales Tax Erosion: Big Retailers Are Not Paying Their Fair Share” and released Tuesday, says that e-commerce retailers are to blame, despite Georgia’s enactment of additional legislation in 2018. According to the FJTP, protections for small businesses are being used by large retailers. The press release sent by the group mentioned Etsy and Walmart.com, both of which are classified as “marketplace facilitators,” who are reportedly dodging the tax.