The Remote Transaction Parity Act and Chinese Influence

Remote Transaction Parity Act

Tweet Written by Paul Bondsfield Here we go again- another piece of legislation aimed at “leveling the playing field” between online sellers and brick and mortar retailers. H.R. 2775 was recently introduced as the Remote Transaction Parity Act. A competing bill with the Marketplace Fairness Act of 2015(not to be confused with the Marketplace Fairness […]

How to Circumvent the Marketplace Fairness Act Small Seller Exemption Penalty

Free Sales Tax Illustration

Tweet The U.S. Senate is at it again…they introduced new legislation titled, “To restore States’ sovereign rights to enforce State and local sales and use tax laws, and for other purposes.”  Here is a link to the bill.  This legislation would allow a $1 million small seller exemption.  So basically if your “remote sales” are […]

Dan Crippen of the National Governors Association Misses the Mark on Online Tax Parity

Tweet On March 9, 2015, DAN CRIPPEN of the National Governors Association (NGA) wrote a letter to The Honorable John Boehner, Speaker of the House, U.S. House of Representative.  NGA wants remote sellers to collect sales taxes from customers. Here is an exert of the letter he sent: “Under the chairman’s proposal, if a Virginian […]

How to tell if your client is a “Real Farmer?”

Fake Farmer

Tweet What if I told you that “Old McDonald” did NOT have a farm and was NOT a farmer? e.i.e.i.o…   In my former profession I was employed as a Senior Special Agent with the U.S. Department of Agriculture (USDA), Office of Inspector General (OIG), Investigations.  A majority of the cases I investigated involved farm […]

Due Process OK for Criminals NOT for Remote Sellers #NoNetTax

Remote Seller Due Process

Tweet Were the  supporters of the Marketplace Fairness Act (MFA) looking the “other way” when it came to upholding the “due process” rights of remote sellers. The MFA has made me reflect on my former career as a federal agent.  After I arrested someone for a suspected crime I had to make sure I followed the “rules” when […]

18 U.S. Code 542 Beware of Alibaba Foreign Purchases Online

18 USC 542 False Statement

Tweet 18 U.S. Code § 542 –Entry of goods by means of false statements. “Whoever enters or introduces, or attempts to enter or introduce, into the commerce of the United States any imported merchandise by means of any fraudulent or false invoice, declaration, affidavit, letter, paper, or by means of any false statement…shall be fined […]

What is the U.S. Postal Service, China, EBAY Tri-Lateral Shipping Agreement?

Tri-Lateral Shipping Alliance Signed with eBay GC and China Post

Tweet I recently read an article titled, “The Postal Service is losing millions a year to help you buy cheap stuff from China.”  The article shows, “In an effort to ride the e-commerce boom, the Postal Service signed a deal in 2010 with China’s state carrier to sell a special service for small packages entering the […]

Tusken Raider Star Wars Costume

Tusken Raider Halloween Costume

Tweet My son (age 8 when I made this costume) really liked the Star Wars movies.  He asked me to make him a Star Wars costume for Halloween.  I found a website called Studio Creations.  They have a complete guide on how to make an authentic looking Tusken Raider costume.  They also have a blow molded mask […]

Royal Nickel Closes Private Placements

Tweet TORONTO, June 12, 2015 /CNW/ – Royal Nickel Corporation (“RNC”) (TSX: RNX) announced today that it has closed the previously announced brokered private placements of 8,571,428 flow through shares at a price of $0.35 per flow through share and 2,391,638 non-flow through units at a… …read more Source:: Stocks

American Piping Products, Inc. Announces Preliminary Tender Offer Results And Receipt Of Consents From Holders Of Its 12-7/8% Senior Secured Notes Due 2017

Tweet ST. LOUIS, June 12, 2015 /PRNewswire/ — American Piping Products, Inc. (the “Company”), a leading, ISO-certified global distributor to the oil and gas, refining and petrochemical, and power generation industries of seamless carbon steel pipes, chrome moly and alloy steel pipes,… …read more Source:: Stocks

Tribune Media Company Announces Launch of Senior Notes Offering

Tweet NEW YORK, June 12, 2015 /PRNewswire/ — Tribune Media Company (NYSE: TRCO) (the “Company”) announced its intention to commence a private offering of $1 billion aggregate principal amount of senior unsecured notes (the “Notes”) to be issued in one or more series. There can be no… …read more Source:: Stocks

Ashford Prime Announces Closing Of Private Placement Of Convertible Preferred Stock To Fund Acquisition Of Bardessono Hotel and Spa

Tweet DALLAS, June 11, 2015 /PRNewswire/ — Ashford Hospitality Prime, Inc. (NYSE: AHP) (“Ashford Prime” or the “Company”) today announced the closing of a private placement of its Series A Cumulative Convertible Preferred Stock in a 144A offering for $65 million in gross proceeds…. …read more Source:: Stocks