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Amazon To Collect Sales Tax, Create Jobs In Texas Agreement -Reports

DOW JONES NEWSWIRES Amazon.com Inc. (AMZN) agreed to collect sales tax from Texas customers beginning July 1, as well as making capital investments of $200 million and creating 2,500 jobs in the state over four years, according to reports in the Dallas Morning News, Austin American-Statesman and the Texas Tribune. Under an agreement with Comptroller Susan Combs announced Friday, the state will end its efforts to collect back taxes from the company, the reports said. In late 2010, the state said Amazon owed $269 million for uncollected sales taxes. According to the American-Statesman, Amazon said in a securities filing that the settlement includes "an immaterial payment to the state." Combs told the American-Statesman that Paul Misener, Amazon's vice president of global public policy, came to Austin for "eyeball to eyeball" negotiations," and then an agreement was "hammered out by e-mail and fax over about a four- or five-day period." Full story at http://bizbeatblog.dallasnews.com/archives/2012/04/amazoncom-starts-collecting-sa.html and http://www.texastribune.org/texas-taxes/budget/amazon-state-settle-sales-tax-fight/ and http://www.statesman.com/blogs/content/shared-gen/blogs/austin/theticker/entries/2012/04/27/state_amazon_settle_sales_tax.html -Dow Jones Newswires; 212-416-2900

Stock News for Amazon.com (AMZN)
DateTimeHeadline
06/24/201608:50:00Finish Line Reports 30% Slide in Profit
06/23/201609:00:00Amazon Web Services Achieves FedRAMP High Authorization
06/23/201608:12:00Correction to Amazon fines story.
06/22/201618:40:00Barnes & Noble Losses Widen in Latest Quarter
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06/22/201617:00:00FAA Levies Two More Fines on Amazon
06/22/201616:49:00FAA Levies Two More Fines on Amazon
06/22/201609:17:00Most Affordable Kindle Now Even Better—Thinner and Lighter, a...
06/22/201608:00:00Amazon Announces the Best Books of 2016 (So Far)
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06/21/201618:30:00EBay Names Lyft CEO to Board
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06/21/201614:10:00Government Issues Rules on Commercial Drones
06/17/201611:30:00Shutterfly Chairman to Resign in Latest Executive Departure
06/17/201609:00:00Amazon Announces Lineup of Original Family Music Exclusively...
06/16/201613:00:00Amazon Original Series Eat the World with Emeril Lagasse Premieres...
06/16/201611:10:00EU May Decide on Apple Tax Probe In July
06/16/201609:00:00Amazon Original Series Eat the World with Emeril Lagasse Premieres...
06/16/201603:03:00Alibaba's Knockoff Vows Spark Disbelief -- WSJ
06/15/201623:40:00Samsung to Buy U.S. Cloud Services Firm

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