Amazon owed $269 million in sales taxes but made an “immaterial payment” in resolving a tax dispute with Texas by agreeing to begin collecting sales taxes in the state in July and promising jobs and capital investment. Never before had a Texas comptroller accepted such a promise to settle a tax dispute, and some question whether it was legal.
AUSTIN, Texas — Texas Comptroller Susan Combs’ settlement with Amazon.com — hailed by the company’s allies and rivals alike — is an unprecedented solution to a vexing standoff.
The world’s largest online retailer agreed that on July 1, it would begin collecting sales taxes in Texas, just as its brick-and-mortar rivals do, while promising to bring 2,500 jobs and $200 million in capital investment to the state over four years. read more »