CNET News.com
"Internet travel sites are cheating cities on taxes by pocketing the difference between the hotel room tax they pay and the amount collected from consumers, the city of Los Angeles, Calif., said in a recent lawsuit."
"The suit alleges that companies including Priceline.com, InterActiveCorp's Expedia, Cendant's Orbitz and Sabre Holdings' Travelocity have underpaid so-called transient occupancy taxes." They "charge and collect taxes from occupants based on the marked-up rates, but only pay taxes to cities based on the lower, negotiated rates, the lawsuit claims."
Internet Daily
In their coverage, CBS.MW, state that "The good news for long-term Internet investors is that consumer spending patterns in December left little doubt that the lion's share of future sales growth in the retail and travel industries will come online." They predict a flurry of related lawsuits as governments loose tax revenue...
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