An Internet sales tax would eliminate most sales on the Web, a Wall Street analyst said Thursday, because it would put e-retailers on a level playing field with brick-and-mortar stores.
Janney Montgomery analyst David Strasser said retailers are having difficulty competing against e-retailers, which charge no sales tax. Internet stores charge no add-on fees and most even offer free delivery. But should an Internet sales tax be imposed, Strasser thinks online sales would dwindle, if not disappear completely.