dreamdancer 0 #1 September 7, 2011 let's hope so... QuoteAmazon.com is in the sights of the cash-strapped state of California. With a $28bn (£17.5bn) budget deficit to plug, the state has drawn up plans to impose a so-called "Amazon tax" which would force online retailers, like Amazon, to collect sales taxes. Since Amazon.com opened its electronic doors it has argued that with no physical shops it is the responsibility of its US customers to pay the relevant sales tax when they file their annual tax return – not the company. Perhaps not surprisingly less than 1pc of online shoppers do. The stakes are high for all involved. Bezos knows that defeat in California would open the floodgates with other states quick to follow suit. Credit Suisse recently estimated that if Amazon.com were forced to collect sales taxes in all US states, it would lose as much as $653m in sales this year – 1.4pc of the group's estimated $45.5bn revenue. Ahead of a crucial vote on Friday, Amazon has promised to build six distribution centres, creating 7,000 jobs in California – if the state's lawmakers delay plans for the new tax. http://www.telegraph.co.uk/finance/comment/richardfletcher/8745314/Is-the-tax-trap-closing-on-Amazon-eBay-and-Google.htmlstay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding Quote Share this post Link to post Share on other sites
Skyrad 0 #2 September 7, 2011 Run Jeanne RUN!When an author is too meticulous about his style, you may presume that his mind is frivolous and his content flimsy. Lucius Annaeus Seneca Quote Share this post Link to post Share on other sites
Amazon 7 #3 September 7, 2011 QuoteRun Jeanne RUN! Nope.. I will not be Californicated Quote Share this post Link to post Share on other sites
Coreece 190 #4 September 7, 2011 QuoteQuoteRun Jeanne RUN! Nope.. I will not be Californicated Well, the offer still stands, Sugar Momma...[bold][blush...][winter roses?]Your secrets are the true reflection of who you really are... Quote Share this post Link to post Share on other sites
headoverheels 334 #5 September 7, 2011 Funny enough, the customers already owe the tax, called "use tax" instead of "sales tax." It is just that Amazon et.al. have not been obligated to collect the tax. California residents are obligated to pay the tax on items bought outside CA for use in CA. Quote Share this post Link to post Share on other sites
DougH 270 #6 September 7, 2011 Tax trap = job killer. CT just institued a "amazon tax" similar to the NY and CA versions. There was a local internet company that had to inform their affiliates that they would now need to collect sales tax. They lost 75% of their affiliate business overnight. Poof gone. So they moved to GA which has more business friendly state taxes. Yay for GA... boo for CT. No new tax revenue, and less middleclass high skill jobs. http://www.yourpublicmedia.org/content/wnpr/revisiting-amazon-tax"The restraining order says you're only allowed to touch me in freefall" =P Quote Share this post Link to post Share on other sites
headoverheels 334 #7 September 7, 2011 Where do you get "less jobs?" The jobs moved, they didn't go away. The unfair price advantage of companies such as Amazon, Abe's, etc over local companies, since customers can pretty much escape the sales tax (even when owen, as in California) makes it even more difficult for local business to continue to exist. Quote Share this post Link to post Share on other sites
DougH 270 #8 September 7, 2011 They went away in CT. That is a pretty simple concept. If the job is in GA it couldn't possibly be in CT where it previously existed."The restraining order says you're only allowed to touch me in freefall" =P Quote Share this post Link to post Share on other sites
