Categories: Business

And now you’re done: Amazon’s $269 million tax bill

Amazon's Logo

The state of Texas is persuing online retailer Amazon for $269 (€192.61) million in unpaid taxes according to Publishers Weekly.

Tax officials in Texas believe that the presence of an Amazon distribution centre in the site provides the company with the presence in their jurisdiction and makes them subject to Texan tax laws. The bill covers the four years from 2005 to 2009 and includes penalties and interest.

This is not the first time that Amazon has been at the centre of a tax debate. The online retailer has been required to collect sales tax by the State of New York by the state’s citizens since 2008.

Amazon is contesting the charge saying that they “believe that the State of Texas did not provide a sufficient basis for its assessment and that the assessment is without merit.”

Ajit Jain

Ajit Jain is marketing and sales head at Octal Info Solution, a leading iPhone app development company and offering platform to hire Android app developers for your own app development project. He is available to connect on Google Plus, Twitter, Facebook, and LinkedIn.

View Comments

Recent Posts

Fintech lifeline for banks as rising consumer living costs hinder debt collection

Banks have moved from feast to famine amidst a spike in the number of financial…

6 hours ago

Mars Petcare and Michelson Found Animals want to make life easier for pet owners with Leap Venture Studio startup accelerator 

Being a pet owner can be hard. For one, according to researchers from the University…

8 hours ago

“A Lowercase ‘C’ Cost Me £550K”: CEO Shares Lessons Learned from Private Equity Earn-Out (Brains Byte Back podcast)

In this episode of Brains Byte Back, Erick Espinosa sits down with Sam Oliver, CEO…

1 day ago

A look into the edtech startup landscape in Southeast Asia

Education technology (edtech) is once again among the top sectors in Southeast Asia (SEA) for…

4 days ago

SQream Blue: the data preparation lakehouse setting new performance standards  

There is no single right big data solution. Organizations are most likely to succeed with…

4 days ago

Transformers: Navigating the New Era of Attention in Technology

In 2017, a group of researchers (from Google and the University of Toronto) introduced a…

1 week ago