< View Todays Articles 04.30.2012

Amazon will collect tax in Texas

The e-retailer has reached an agreement with Texas authorities to begin collecting sales tax on purchases made by residents starting July 1. It is the lastest in a host of agreements the retailer's inked with states to collect sales tax on web purchases.

In a sharp turnaround in its dealings with the state of Texas, Amazon.com Inc. has agreed to begin collecting sales tax July 1 on purchases made by Texas residents.
 
“We thank Amazon for partnering with us to find a solution that works for our state,” Susan Combs, the Texas Comptroller of Public Accounts, said in a press release posted today on her department’s web site.
 
As part of the agreement, Amazon, No. 1 in the Internet Retailer Top 500 Guide, will invest at least $200 million in Texas and create at least 2,500 jobs, the comptroller’s office said. It did not say how that money would be invested or what kind of jobs Amazon will create. Amazon did not immediately return a request for comment.


Full Article: http://www.internetretailer.com/2012/04/27/amazon-will-collect-sales-tax-texas-starting-july click here
© 2010 Midland Paper, Packaging & Supplies. Content Credits