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.”
Jeanna Liu’s love for nature is rooted in her childhood. As a young girl, Liu…
The arrival of generative artificial intelligence (genAI) into the mainstream at the end of 2022…
Data analytics and machine learning models deliver the most powerful results when they have access…
I’ve been on the road for almost a year now. Chasing freedom, adventure, and purpose.…
As technological use increases, so may the cost of innovation due to the global movement…
Have you ever asked yourself why some people are amazing at picking gifts, while others…
View Comments