logo
Share SHARE
FONT-SIZE Plus   Neg

Amazon Agrees To Collect Sales Tax In Texas, To Create 2,500 Jobs In The State

Texas Comptroller of Public Accounts Susan Combs and Amazon.com Inc. (AMZN) announced an agreement that will lead to the creation of thousands of new jobs in Texas by the online retailer.

As per the deal, between the Comptroller of Public Accounts and Amazon, the Company plans over the next four years to create at least 2,500 jobs and make at least $200 million in capital investments in the state and will begin to collect and remit Texas sales tax on July 1, 2012.

Susan Combs said that the agreement resolves all sales tax issues between Texas and Amazon.

"This is an important step in leveling the playing field in Texas; however, Congress should enact federal legislation that will give states access to revenues that are already due, which would resolve this issue fairly for all retailers and all states," said Combs.

"Amazon looks forward to creating thousands of new jobs in Texas and we appreciate Comptroller Combs working with us to advance federal legislation," said Amazon Vice President of Global Public Policy Paul Misener.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Media and entertainment giant Walt Disney Co. said Tuesday that Christine McCarthy, the company's Treasurer for the past 15 years, will succeed James Rasulo as Chief Financial Officer. A blast at the Al-Imam al-Sadeq mosque in Kuwaiti capital killed eight people. Several people were wounded in the explosion, probably a suicide bombing, after the Friday prayers. Many are said to be in critical condition. One was killed in a probable ISIS attack at U.S. based Air products and Chemicals' industrial site in France. According to media reports, a car disguised as a delivery vehicle was rammed into Air product site in Schiltigheim, Southeast France. Police arrested a young man of around 30 years old, who is suspected to have connections with Islamic State.
comments powered by Disqus
RELATED NEWS
Trade AMZN now with 
Follow RTT