Categories: Business

And now you’re done: Amazon’s $269 million tax bill

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.”

Ajit Jain

Ajit Jain is marketing and sales head at Octal Info Solution, a leading iPhone app development company and offering platform to hire Android app developers for your own app development project. He is available to connect on Google Plus, Twitter, Facebook, and LinkedIn.

View Comments

Recent Posts

‘New Cyber Order’ is here, every human identity will have 80 agentic AI identities: WEF

Small businesses and govts will need a type of Digital Public Infrastructure [digital ID, fast…

17 hours ago

WEF to publicly livestream annual cybersecurity meeting for the 1st time

The spirits of Cyber Polygon & the Great Reset live on with sessions like 'Riding…

6 days ago

Language is civilization’s worst inefficiency

Why language is a bottleneck for intelligence, collaboration and progress An apology: This is a…

7 days ago

Grokipedia and the coming war with Wikipedia for the world’s knowledge

Introduction: The Death of Neutrality Knowledge has never been neutral. Whoever controls the archives controls…

7 days ago

UN, Gates digital ID, fast payments, data sharing 50-in-5 campaign hits 30 countries

Digital economy ministers call for interoperable digital ID across the entire African continent The 50-in-5…

1 week ago

Hundreds of specialist tech roles on offer in Mexico as Ness opens major new AI development center in Guadalajara 

This week, the Silicon Valley of Mexico received a boost following the inauguration of the…

1 week ago