• Thomson Financial (via Forbes), Thursday, September 27, 2007 10:45 AM

Senior Bush administration officials called on Congress to permanently exempt the Internet from access taxes or taxes on electronic commerce. The Senate Commerce Committee is expected to approve a bill that would extend the tax-free status of the Internet until 2011. Under current law, this status will expire at the end of 2007.

However, Treasury Secretary Henry Paulson and Commerce Secretary Carlos Gutierrez says that a permanent moratorium on Internet taxes would be better for business.

They said in a statement: "Preventing the taxation of Internet access will help sustain an environment for innovation, ensure that consumers continue to have affordable access to the Internet, especially high-speed Internet, and strengthen the foundations of electronic commerce as a vital and growing part of our economy."

Read the whole story at Thomson Financial (via Forbes) »