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  • kenji100 kenji100 Feb 14, 2013 6:10 PM Flag

    AMZN accepts defeat on taxes

    Ebay is still againt it.

    "In a letter, Paul Misener, Amazon’s VP for global public policy, said, “I am writing to thank you for your bill, which will allow states with simplified rules to require sales tax collection by out-of-state sellers who choose to make sales to in-state buyers.”

    Amazon has been considered a prime example for why tax reform is needed. Since it was founded in 1994, the retailer has taken extraordinary measures to avoid collecting sales taxes nationwide, although more recently its stance on the subject has been softening. It now collects taxes in more than half a dozen states. Most recently, it agreed to start paying sales tax in Pennsylvania, Texas, California and Connecticut.


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    • Kenji:

      Amazon isn't against it. Amazon is for it. As the largest 1P internet seller, Amazon will be forced to collect taxes by every state eventually anyway (the states should just direct their pension funds to pull all direct and indirect investment in Amazon until it collects taxes). So, Amazon wants to make sure all other etailers of significance have to pay taxes as well. It knows having to collect taxes while other etailers of TVs and big ticket items not having to would have a very significant adverse impact on its business. The bill is far from a done deal. In fact, the threshold for exemption is one of the key issues for debate. Personally, I'd like to see it at the $500K level PER STATE rather than all out of state. That would almost perfectly hose Amazon...

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