Street Vendors boon or bane
A new controversy seems to brewing as recent studies show that street vendors cost the city more than the revenue they generate in terms of fines and violations.
http://www.dnainfo.com/20101109/manhattan/city-losing-money-miring-street-vendors-regulation-ibo-reports#ixzz14p1RjXe4
Some critics of street vendors say that they don't pay income or sales tax and hence are a nuisance to the city. I for one do patronize my local street vendors and would be sad to see them go. As for collection of taxes, aren't street vendor all licensed? then it would be quite simple to track them down for the purpose of tax collection right?
The opinions expressed here are those of the individual and not those of StreetAdvisor.
http://www.dnainfo.com/20101109/manhattan/city-losing-money-miring-street-vendors-regulation-ibo-reports#ixzz14p1RjXe4
Some critics of street vendors say that they don't pay income or sales tax and hence are a nuisance to the city. I for one do patronize my local street vendors and would be sad to see them go. As for collection of taxes, aren't street vendor all licensed? then it would be quite simple to track them down for the purpose of tax collection right?
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