Texas sends Amazon.com a $269 million tax bill

[PBI NetWork]

Texas sends Amazon.com a $269 million tax bill

Fri Oct 22, 5:52 pm ET
NEW YORK (Reuters) – Amazon.com Inc said Texas sent it a $269 million bill last month for uncollected sales taxes for purchases that its residents made through the online retailer.

Amazon.com Inc said in a filing on Friday that the state sent the company an assessment in September for uncollected sales taxes from December 2005 to December 2009, including interest and penalties.

Texas claimed Amazon should have collected sales taxes over that period.

"We believe that the State of Texas did not provide a sufficient basis for its assessment and that the assessment is without merit," Amazon said in the filing.

Amazon has found itself under attack over sales tax collection as states deal with their budget deficits. In April, Amazon sued North Carolina's department of revenue, claiming its demand for Amazon to turn over names and buying records of customers violated privacy laws.

PBI NetWork Reviewed by PBI NetWork on 23rd Oct 2010. Texas sends Amazon.com a $269 million tax bill Texas sends Amazon.com a $269 million tax bill Fri Oct 22, 5:52 pm ET NEW YORK (Reuters) – Amazon.com Inc said Texas sent it a $269 million bill last month for uncollected sales taxes for purchases that its residents made through the online retailer. Amazon.com Inc said in a filing on Friday that the state sent the company an assessment in September for uncollected sales taxes from December 2005 to December 2009, including interest and penalties. Texas claimed Amazon should have Rating: 5

[Prinks]

Texas FTW.

8% sales tax on pretty much everything. lol

[Xerosis]

Meh the sole reason why I liked online stores was because of no sales tax.

[4tw]

Sucks for Amazon

[liveuploader]

big domain. big money involved. big will be the penalities.

[-Im.z2ight-]

What a shame. But Amazon can cover this gap pretty easy.

[freecbc3]

"8% sales tax on pretty much everything. lol
"

site getting milion of traffic daily so i thing its nothing