< View Todays Articles 04.25.2012

Amazon strikes a tax deal with Nevada

Amazon.com Inc.1500Amazon.com Inc. Mass MerchantOnline Sales:$34,200,000,000Growth:39.5%See More. will start collecting sales tax on items bought by consumers in Nevada under an agreement announced late yesterday by Gov. Brian Sandoval.
The deal requires the e-retailer, No. 1 in the Internet Retailer Top 500 Guide, to collect the taxes starting Jan. 1, 2014, or earlier if a federal law is enacted that allows states to mandate sales tax collection by online retailers. The terms of the deal with the state’s Department of Taxation is similar to recent deals Amazon has signed with other states, including Virginia, Indiana and Tennessee. 
Sandoval, a Republican, says he will work for that federal law. “The only way to completely resolve this issue is for Congress to enact legislation that, within a simplified nationwide framework, grants states the right to require collection by all sellers,” Sandoval said in a statement. “We thank Amazon for creating jobs and investment in Nevada and are very grateful the company is working with us on a federal solution.”

Full Article: http://www.internetretailer.com/2012/04/24/amazon-strikes-tax-deal-nevada click here
© 2010 Midland Paper, Packaging & Supplies. Content Credits