Read the following text to answer question.
Shopping on the Internet will have a disastrous effect on American cities and states, warn researchers from the University of California, Berkeley. They will lose billions of dollars in sales taxes because people are buying goods from outoftown, outof state, or even from abroad.
American cities and states rely heavily on local sales taxes. Sales by telephone and mail already cost states around $ 3 billion in lost taxes each year. But the Internet could bring about a new hemorrhage of revenues, warns Nathan Newman ofthe University's Center for Economic Research. “At the push of a button, consumers will have access to the lowest-priced goods nationwide and, with the added bonus of avoiding sales taxes, interstate sales may explode over the Internet, leaving state and local government finances in tatters”, he says.
New Scientist, 26 August 1995.
According to the text, 10 years ago, researches predicted that in the future
