Amazon

Business
7:21 pm
Mon April 28, 2014

Study: Amazon's Sales Tax Sends Shoppers Elsewhere

https://flic.kr/p/h6y7Fr

Requiring Amazon to charge state sales tax has sent many consumers looking for other tax-free options, according to a new study for the National Bureau of Economic Research.

In 2012, Texas Comptroller Susan Combs reached an agreement with Amazon to collect sales tax on items sold to Texans. Because Amazon has a "physical presence" in Texas - its distribution center in Irving - Combs said Amazon should have been collecting state sales tax on online sales. She agreed to drop her demands for $269 million in taxes if Amazon promised to create 2,500 jobs and spend $200 million in capital investments.

But after Amazon started charging sales tax in Texas, its sales in this state dropped by 11 percent, according to researchers.

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Amazon Air
3:38 pm
Mon December 2, 2013

Amazon's Drone Has Many Asking 'What Could Go Wrong?'

Buzzing to a neighborhood near you? Amazon.com's Prime Air prototype may someday fly small packages right to customers' homes.
AP

Originally published on Mon December 2, 2013 5:37 pm

The news that Amazon is hoping to one day use semi-autonomous drones to deliver small packages to customers has many asking a familiar question:

What could go wrong?

Check this tweet:

"An Amazon drone!? What could go wrong?! 'They're autonomous' - this is how the Terminator started FYI..."

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Business
2:34 pm
Mon May 6, 2013

U.S. Senate Poised To Approve Online Sales Tax Bill

Supporters of the Marketplace Fairness Act say it will level the playing field between online retailers and traditional brick-and-mortar stores.
Mike Coppola Getty Images for eBay

Originally published on Mon May 6, 2013 6:24 pm

Update at 7:00 p.m.:

The Senate has passed the Marketplace Fairness Act by a vote of 69 to 27, The Associated Press reports.

Here's our original post:

The Senate is expected to approve a measure on Monday that would end tax-free shopping for online purchases, a move that concerns many e-retailers but has the support of the states that stand to collect billions in previously lost revenues.

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Texas
5:25 pm
Thu April 11, 2013

Amazon Gives Texans Their Wine Online

Now the close to 300 vineyards in Texas can ship wine in and out of state on Amazon's massive online marketplace.
flickr.com/dionnehartnett

Ordering the most recent Jodi Picoult novel or maybe a nice throw blanket on Amazon?

Now you can get a robust, full-bodied cabernet to complement them both.

Today, Amazon opened up their wine delivery service up to the Lone Star state, offering over 350 wines and 2,200 labels from across the world.

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Business
1:58 pm
Mon July 2, 2012

It’s a Jungle: While Amazon Charges Sales Tax, Not All Sellers Are

Not all third-party sellers are charging sales tax on Amazon.
Filipa Rodrigues for KUT News

Online retail giant Amazon.com began charging Texas sales tax this weekend. But that doesn’t mean everything you buy through the site will be taxed.

While most products on Amazon are sold by, well, Amazon, Wikipedia notes that as of 2007, the site had over 1.3 million third-party sellers and associates. And Amazon says it’s up to those sellers to determine whether they need to charge the tax.

“Third party sellers that use our platform must determine their tax collection requirements based on their individual circumstances,” Amazon Corporate Communications spokesperson Scott Stanzel tells KUT News.

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Business
4:43 pm
Fri June 29, 2012

Amazon Sales Tax Charges Texas

Amazon will begin charging sales tax this Sunday.
Filipa Rodrigues for KUT News

In less than 48 hours, online retailer Amazon.com will start charging Texas sales tax on products you buy from its site.

Texas will become only the sixth state to charge sales tax on Amazon purchases. The switch comes after an agreement was made between the Texas Comptroller’s office and the online retailer. In 2010, the comptroller’s office claimed Amazon owed the state $269 million in uncollected sales tax. Under the new agreement, Amazon will create at least 2,500 jobs  in the state and will also bring at least $200 million in capital investment. 

For many brick-and-mortar operations the move will level the playing field. Jason Brewer is with the Retail Industry Leaders Association, a national trade group.

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