If Amazon's been your internet shelter from the ravages of sales tax, you might want to sit. As a part of a settlement with the excellent state of Texas, Bezos' baby will start collecting the state's requisite 6.25-percent sales tax on July 1st. The settlement resolves the web retailer's ongoing dispute with the Lone Star state, which claimed that Amazon owed $269 million in back taxes. As well as taking on collection, Amazon has agreed to create no less than 2,500 jobs and invest no less than $200 million in capital investments, though it admits no fault, and believes "the assessment was without merit," in response to its latest SEC filing. Grouped in with Kansas, Kentucky, Big apple, North Dakota and Washington, this agreement makes Texas the sixth state to gather sales tax from Amazon -- and California, Nevada and Arizona will join the gathering club in due time. Look at the source links below for the Texas Comptroller's official statement and more reading on Amazon's tax agreements around the nation.
From WhatNewsToday.net
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