According to a new study at University of Alabama, uncollected sales and tax revenue will add up to over $1 billion over the next five years. The study highlights untaxed online purchases which inversely cost the state of Alabama about $200 million per year in taxes.
In addition to taxes, the lessening of retail sales and increase in online buying will account for up to 4,000 jobs getting cut annually. It’s safe to say that online shopping has contributed to a stunt in the employment levels in Alabama.
The confusion with taxes and online sales is certainly one to be explored. The Birmingham movers are concerned at the hit local stores take when shoppers aren’t physically going to the retail shops.