On Wednesday, October 15, Senator Michael Enzi (R-WY) introduced legislation (S. 1736) in the Senate that would allow states to simplify sales tax, with equal tax treatment between local merchants and remote sellers. The bill, the Streamlined Sales and Use Tax Act (SSUTA), would help states begin to recover from years of budgetary shortfalls by collecting revenue lost through catalog and Internet purchases. The bill is co-sponsored by Senator Byron Dorgan (D-ND).
Here, BookSense.com Director Len Vlahos provides an update on the latest improvements and enhancements to BookSense.com.
Greetings! There's a lot of BookSense.com news in this edition of On the Move, as we've made more improvements to your BookSense.com site:
An economics study regarding online price elasticity released last spring seems to bear out what many Internet experts have thought all along regarding book pricing: the higher the price, the fewer the sales.
On Wednesday, September 10, the following e-mail announcement was sent to BookSense.com members from Len Vlahos, BookSense.com director.
Greeting BookSense.com Bookseller,
Online retail book sales will nearly double over the next five years, according to "U.S. eCommerce Overview: 2003 to 2008," a report recently released by Cambridge, Massachusetts-based Forrester Research. Overall, the study predicted, e-commerce will experience a 19 percent compound annual growth rate (CAGR) over the next five years, from $95.7 billion to just under $230 billion and will account for 10 percent of total U.S. retail sales by 2008.
The American Booksellers Association, a national not-for-profit trade organization, works with booksellers and industry partners to ensure the success and profitability of independently owned book retailers, and to assist in expanding the community of the book.
Independent bookstores act as community anchors; they serve a unique role in promoting the open exchange of ideas, enriching the cultural life of communities, and creating economically vibrant neighborhoods.