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

AI reasoning and the infinite puzzle of Borges’ Library of Babel

Many people have the intuition that an LLM (Large Language Model, e.g. ChatGPT) doesn't really understand…

2 days ago

UK’s DARPA-inspired ARIA opens ‘Engineering Ecosystem Resilience’ research opportunity

ARIA's opportunity space for engineering ecosystem resilience follows a global trend of public and private…

2 days ago

Healthcare providers now have unprecedented data insights into the patient journey as PurpleLab® acquires KAID Health

In the U.S., we’re seeing an incredible growth of the healthcare analytics market, with the…

3 days ago

First Financial Federal Credit Union prioritizes empathy with Ribbon partnership for inheritance claims 

When our loved ones pass on, it can be one of the most traumatic events…

3 days ago

Tackling antimicrobial resistance with new cleaning protocols

When we hear the word pandemic, our mind is likely to jump to the events…

3 days ago

Peru makes history: defeats Japan to claim Pokémon Unite World Championship title

Team Peru Unite made history in Anaheim, California by defeating Japan’s powerhouse Zeta Division 3-1…

4 days ago