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Online Shopping Costing Florida Billions

November 8th, 2007 by flanews

The Electronic Retailing Association estimates that shoppers will spend $24.6 billion online this holiday season. The Florida Retail Federation says online shopping continues to grow, but federation president Rick McAllister says the state is losing out on several billion dollars in sales taxes that arent rightfully being collected.

Over the past three years, probably 6 or 7 billion dollars in lawfully owed sales taxes were not collected and used in the state of Florida because of this internet issue,” McAllister said. “So it is a very important issue, not only to Florida, but to every state that we get this fixed. The only people who can fix it is Congress.

A recent Forrester Research survey found that 80 percent of consumers plan to purchase at least one item online this year.

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