Saturday, July 27, 2013

Amazon.com Sales Tax

Amazon.com Help: About Sales Tax on Items Sold by Amazon.com:
"Items sold by Amazon.com LLC, or its subsidiaries, and shipped to destinations in the following states are subject to tax:

Arizona
California
Kansas
Kentucky
New Jersey
New York
North Dakota
Pennsylvania
Texas
Washington"

Amazon.com Slips Back Into The Red With $7M Q2 Loss @ Forbes

Changing The Tax System To Tax Amazon When Amazon Doesn't Make Any Profits

The company reported a net loss of $7m in the quarter to June 30, compared with a profit of $7m a year earlier, as revenues grew to $15.7bn. The world’s largest online retailer has been spending heavily on order fulfilment and digital content rights, which continue to weigh on margins.

NJ: As a portion of that deal, Amazon promised to invest $130 million in two state-of-the-art distribution centers, and the state said the e-commerce retailer will be eligible to apply for economic incentives to build those facilities...

The Christie administration estimates that Amazon will collect between $30 million and $40 million in sales taxes within the first 12 months.

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