The Hill: Billionaire casino magnate Sheldon Adelson’s futile war on online gambling
Billionaire casino magnate Sheldon Adelson is not known for modesty. So it was fitting the recent announcement of his plans to push for a federal online gambling ban is making headlines. Adelson, who said his “moral standards” compelled him to act, is launching an advocacy group, the Coalition To Stop Internet Gambling, to portray the activity as a threat to vulnerable populations such as low-income players and minors. Not only is he wrong, but his proposed ban would cause harm to the very groups he claims to want to protect.> Read more
One News Now: As year comes to end, debate goes on for Internet sales tax
Ryan Radia of the Competitive Enterprise Institute says he is very skeptical of the Marketplace Fairness Act. "It's an attempt to solve, I think, a legitimate issue but it's the wrong approach," says Radia. "It would, in many respects, create many new hassles and set a precedent for future taxing authority that goes beyond the borders of a jurisdiction.
"Even a small Internet seller could be subject to an audit by "any or all of those states" that have a sales tax, adds Radia. > Read more
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