Amazon Tax Update: Fatwallet Flees Illinois

Illinois also recently enacted the Amazon tax . . . here is a mini-documentary of Fatwallet.com‘s five mile move from Illinois to Wisconsin.

Hat tip to Illinois Policy Institute:

As news that Amazon.com is seeking to challenge the new California law attacking online affiliates via a ballot initiative, it’s worth remembering that Illinois passed its own misguided online affiliate tax hike not too long ago.

This documentary tells the story of how that bad Illinois policy spurred FatWallet.com to move just a few miles north into Wisconsin. Now Illinois gets none of their money — no property taxes, no income taxes, no fees, nothing. It is a must watch.

Bad policy caused this bad outcome for Illinois. The good news is that good policy — repealing the tax — can help bring companies home and keep others from leaving.