BOSTON – Massachusetts State Treasurer Steve Grossman said the Bay State could generate as much as $339 million in new revenue by collecting state sales taxes on online transactions, reported the Statehouse News Service.
Grossman is putting pressure on the Bay State to negotiate a deal with Amazon.com, the country’s largest online retailer, said the news source.
According to Grossman, being able to collect sales tax is not just a source of new revenue, but a matter of fairness.
“While I never like to see taxes go up, nevertheless, this is an issue of fairness, Main Street fairness,” Grossman said, according to the news service.
“We have a half-million people that work in the retail sector; bookstores and others are at a competitive disadvantage. They lose lots of sales because they don’t get a chance to sell at a competitive price,” said Grossman, adding that “Amazon is selling books at 6.25 percent lower prices than you can get them at a little bookstore.”