Revenuers set sights on Internet

The Internet is making the tax man unhappy and frustrated.

With the Net growing rapidly as a shopping mall for CDs, books,cars, dinosaur eggs - you name it - the revenuers are fretting thatthey are missing out on their rightful piece of the action.

At least 20 state and local governments have passed tax lawstargeting Net commerce.The stakes are huge. Sales on the Internet are estimated toreach $1.5 trillion a year by 2002. If uncollected, that could meana loss of tax revenue amounting to hundreds of millions in Illinoisalone.Meanwhile, some fear that undue government meddling could killthe Internet goose that lays the golden eggs.To protect emerging e-commerce, …