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US state Florida to collect 6% sales tax from e-com firms from Jul 1

E-commerce companies selling products to residents in the US state of Florida will have to collect a 6 per cent sales tax beginning July 1. The new tax is expected to raise $1 billion in revenue, which is planned to be used to support the state’s Unemployment Compensation Trust Fund, preventing a tax hike on businesses to maintain the solvency of the fund.

Source: fibre2fashion.com

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