Atkinson Calls on Congress to Support Digital Goods Legislation
ITIF President Robert D. Atkinson will testify before Members of Congress today at a hearing by the House Judiciary Subcommittee on Courts, Commercial and Administrative Law on H.R. 1860, “The Digital Goods and Services Tax Fairness Act of 2011.” Atkinson will argue that it is essential for Congress to act to establish a national framework to ensure fair, consistent taxation of digital goods and services.
Because there is no current framework on how digital goods and services are taxed, consumers can pay multiple taxes for the purchase of just one app, MP3 or digital book, which according to Atkinson can “…discourage investment in the digital economy, increase the cost of doing business online, lower national productivity, and ultimately hurt businesses and consumers.”
Atkinson’s testimony will also touch on the economic benefits of the digital economy. The hearing is scheduled for 4:00 PM in 2141 Rayburn House Office Building.