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The state of Arizona has served Amazon a tax bill for $53 million in uncollected sales tax, according to documents the online company filed with the Securities and Exchange Commission (SEC).
According to Arizona, Amazon should have collected transaction tax similar to sales tax on multiple transactions from March 1, 2006 though Dec. 31, 2010. Though the online company has so far refused to comment publicly to the media, it did dispute the issue in its briefing with the SEC.
“We believe that the assessment is without merit and intend to vigorously defend ourselves in this matter,” Amazon stated in its 10-K form. “Depending on the amount and the timing, an unfavorable resolution of this matter could materially affect our business, results of operations, financial position or cash flows.”
Arizona Bills Amazon for $53 Million in Sales Tax | Response Magazine
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Anthony Forschino, assistant director at the Arizona Department of Revenue, has refused to comment to the media, stating taxpayer confidentiality laws. The department has said in the past that Amazon should have been collecting in-state sales taxes, according to a Phoenix Business Journal report.
Virginia is pushing a bill to require AMZN to collect state taxes here, as well. Strapped states are going after more tax revenues on the backs of the little people and, in the process, harming business.
- 3 votes
#1 - Wed Feb 8, 2012 6:05 PM ESTI have to disagree with you there Grae. Not taxing internet sales results in discrimination against brick and mortar business including many mom and pop type operations. Those businesses have large investments and deserve to be on a level playing field with the likes of Amazon and eBay types of business. The businesses that are being harmed now are the ones that have invested the most in a state.
#2 - Wed Feb 8, 2012 7:38 PM ESTYou're in Easy Mode. If you prefer, you can use XHTML Mode instead. |
