COLUMBUS, Ohio — A new study asserts that Ohio retailers will lose $137 million in sales this holiday season to online competitors.
The study by the University of Cincinnati's Economics Center says online shops have a competitive advantage because they aren't required to collect sales taxes on purchases made over the Internet.
Associate director of research for the economics center Jeff Rexhausen (REX'-howsen) says Ohio retailers could earn more than $600 million annually if online stores were required to collect sales tax on purchases made in Ohio .
The analysis also projects that state and local governments will lose about $45.7 million in revenue because aren't required to collect the taxes.
Associate director of research for the economics center Jeff Rexhausen (REX'-howsen) says Ohio retailers could earn more than $600 million annually if online stores were required to collect sales tax on purchases made in Ohio.
The study was commissioned by the Ohio Council of Retail Merchants.
