Thursday, November 3, 2011

House puts 5-year freeze on new mobile taxes with Wireless Tax Fairness Act

House puts 5-year freeze on new mobile taxes with Wireless Tax Fairness Act

. The United States House of Representatives approved the Wireless Tax Fairness Act on Tuesday, an initiative that prevents new local and state taxes on wireless bills for the next five years. “We need to encourage the development and adoption of wireless broadband, not tax it out of existence,” Representative Zoe Lofgren said. The average tax rate on goods and services in the United States is 7.4% but consumers with wireless contracts pay an average of 16.4% in taxes and fees, WirelessWeek said.

Boy Genius Report, House puts 5-year freeze on new mobile taxes with Wireless Tax Fairness Act