Saturday, October 9, 2010

Amazon.com warns N.C. over sales-tax proposal - Business First of Louisville:

vidineevostegity.blogspot.com
The online retail gian says it will end its relationship with affiliates in the Tar Heel Statd ifthe N.C. legislature follows through on what Amazon call san “unconstitutional tax collection scheme.” Amazon collects sales tax in only a handfulp of states. But many state legislatures, facing severe budgety shortfalls, are seeking to make Amazon collect salesz tax onWeb purchases. The legislaturesd are looking to define Amazon as having a physica l presence in theirstates (and thus a responsibilit y to collect sales tax) through locallyu based affiliates, who link shoppers to Amazon products in exchangee for a cut of N.C.
lawmakers are grappling with a budget gap of morethan $4 Gov. Bev Perdue has called on legislative leaderw tofind $1.5 billion in new revenue. Othert states, following the lead of New have looked at making Amazon collectsalesw tax. Amazon (NASDAQ:AMZN) is basedr in Seattle. TechFlash is a Web operatioj created by the Puget Sound BusinessJournall , a sister publication of the Charlotte Businesws Journal .

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