Bush Renews Ban on Internet Taxes

12/03/2001

Reuters reports that US President George Bush renewed a ban on Internet taxes this week, ensuring that online shoppers will not have to pay any new taxes for the next two years.

The ban on Internet taxes was originally instated in 1998 to encourage growth of the Internet. The ban forbids local or state governments from implementing new online taxes.

President Bush commented that the ban would "ensure that the growth of the Internet is not slowed by additional taxation and that holiday shoppers will not be burdened by new taxes on their online purchases."

He added: "The bill will protect American consumers from an unwanted tax surprise when they purchase gifts online for friends and family."

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