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09-27-2007 05:51 AM
I wonder how many sellers they will catch not reporting their income.
http://www.theglobeandmail.com/servlet/story/LAC.20070927.REBAY27/TPStory/Business
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09-27-2007 09:00 AM
Ebay should have hired a better lawyer.
Anybody have an idea on how many power sellers there are in Canada?
This could take them a while to sort through.
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09-27-2007 10:17 AM
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09-27-2007 11:21 AM
Rent receipts
Fuel receipts
Bank charge receipts
Ebay invoices paid(goes direct to a credit card)
Records of paypal fees paid
Receipts for computer equipment
Receipts for printer ink
Receipts for inventory purchase at auction
Car payment receipts
Hydro Bills
Telephone Bills
Internet Service Bills
Records of refunds for damaged items
Postal receipts
Food receipts
Car maintenance receipts
If Ebay looks at Powersellers as running a business, remember, businesses can claim expenses. If anything, this government witch hunt just may expose how hard it is to turn a profit on Ebay. They could end up spinning their wheels, chasing a bunch of people who are breaking even, losing money or making too little to tax anyway.
Food for thought and maybe quells your panic a bit, i hope.
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09-27-2007 11:21 AM
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09-27-2007 11:42 AM
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09-27-2007 02:55 PM
And on the flip side, is there really anyone who is a platinum powerseller and doesn't claim the income. Who anyone be that dumb?
I think the article is a scare tactic. You can almost hear the CRA's phone ringing with the calls from scared Ebayers wanting to pay their taxes before CRA hunts them down. LOL
The logistics and legalities just don't make any sense.
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09-27-2007 04:22 PM
Here's an announcement by Scott Shipman, Senior Counsel in the eBay Global Privacy Practices group.
Hi, everyone. By now, you may have heard about a Federal Court decision regarding the disclosure of identity and other personal information of our PowerSellers to the Canada Revenue Agency.
eBay takes the privacy of all users very seriously. In addition, we expect all users to comply and conform with applicable laws in the countries in which they do business.
As this matter is currently under review we are unable to comment any further. Our discussions with the Canada Revenue Agency are ongoing and we will keep you advised.
Izzy
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09-27-2007 04:36 PM
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09-27-2007 04:50 PM
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09-27-2007 05:26 PM
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09-27-2007 05:52 PM
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09-27-2007 07:00 PM
M&H
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09-27-2007 07:02 PM
M&H
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09-27-2007 07:17 PM
Check it out. Income tax is not constitutional legal and you don't have to pay it.
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09-27-2007 07:20 PM
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09-27-2007 07:23 PM
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09-27-2007 07:54 PM
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09-28-2007 08:15 AM
Ebay should really not include selling fees in the $ volume sold total.
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09-28-2007 08:26 AM
I have a wife and three children. They will each have an account by the end of the day. Each will sell a different product line.
Cheers
