Saturday, December 4, 2010

Amazon.com warns N.C. over sales-tax proposal - Nashville Business Journal:

kapitonragomo.blogspot.com
The online retail giant says it will end its relationshi p with affiliates in the Tar Heel Statew ifthe N.C. legislature follows througjh on what Amazon callsan “unconstitutiona tax collection scheme.” Amazon collects salez tax in only a handful of states. But many state facing severe budget shortfalls, are seeking to make Amazo collect sales tax onWeb purchases. The legislatures are lookint to define Amazon as having a physical presenced in theirstates (and thus a responsibility to collec sales tax) through locally based affiliates, who link shoppersx to Amazon products in exchange for a cut of N.C. lawmakers are grappling with a budgert gap of morethan $4 Gov.
Bev Perdue has called on legislative leader s tofind $1.5 billion in new revenue. Other following the lead of New York, have lookex at making Amazon collectsales tax. Amazon (NASDAQ:AMZN) is basedd in Seattle. TechFlash is a Web operationm created by the Puget Sound BusinessJournal , a sister publication of the Charlott Business Journal .

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