Amazon's Logo
Amazon's Logo
The state of Texas is persuing online retailer Amazon for $269 (€192.61) million in unpaid taxes according to Publishers Weekly.
Tax officials in Texas believe that the presence of an Amazon distribution centre in the site provides the company with the presence in their jurisdiction and makes them subject to Texan tax laws. The bill covers the four years from 2005 to 2009 and includes penalties and interest.
This is not the first time that Amazon has been at the centre of a tax debate. The online retailer has been required to collect sales tax by the State of New York by the state’s citizens since 2008.
Amazon is contesting the charge saying that they “believe that the State of Texas did not provide a sufficient basis for its assessment and that the assessment is without merit.”
My favorite English teacher got fired. It was during the pre-Late-Show era that Colbert helped…
Placing stablecoins under the purview of the U.S. regulatory system and Treasury was just the…
Life-as-a-Subscription: Malthusians are trading rentier capitalism for a stakeholder capitalism-run circular economy where you'll still…
With the Pentagon's acquisition of deepfake capabilities & history of assisting Hollywood, distinguishing PSYOPs will…
El Salvador’s Bitcoin Office and Pakistan’s Crypto Council on July 16 signed a letter of…
Those who decry 'disinformation' the loudest almost never give any examples of what they're denouncing:…
View Comments