Amazon to Begin Collecting Sales Tax from California Customers2012-09-14 12:20 by DanielaTags: Amazon
A new California law is requiring Amazon and other large internet retailers to start charging sales tax, just as brick and mortar stores do. It could bring the state $80 to $100 million a year. Across the country, states estimate they lose some $11.5 billion a year in uncollected sales tax. The change, which takes effect this weekend, comes after years of bitter back and forth between the world's largest online mall and the California Legislature over whether Internet retailers should have to charge sales tax. The two sides reached a deal in 2011 that included a one-year grace period set to end Saturday. Now Amazon is making treaties across the country, paving the way to start opening warehouses and offering faster shipping in areas where tax disputes had previously prevented it from putting down roots. The company now collects sales taxes on orders shipped to seven states, including New York and Texas, and has agreed to start imposing levies in six more. Read more -here-
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