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
They say there's plenty of fish in the sea, but very few of them are as wealthy as these tycoons. May be they have been so busy building their empires they never had the time to stick with a perfect partner to build their family. This list of the richest singles is assorted — from a 34 year-old... Anthony Levandowski, the head of Uber's self-driving division, is stepping away from his role as Uber continues a legal battle with Waymo, Levandowski's former employer. Levandowski, who founded startup Otto, became head of Uber's Advanced Technologies Group or ATG after Otto was acquired by Uber in August 2016. Southwest Airlines Co. has decided to end the practice of overbooking flights, the airline's CEO Gary Kelly said Thursday. The airline's plan to end overbooking could be implemented from May 8, according to a Southwest spokeswoman.
comments powered by Disqus
Follow RTT