Amazon (retailer)

Book News: Amazon's Tiny Tax Payment Draws Fresh Scrutiny

Thu, 16 May 2013 11:45:00 +0000

The daily lowdown on books, publishing, and the occasional author behaving badly.

Amazon's U.K. unit racked up sales of $6.5 billion last year, but only paid $3.7 million in corporate taxes (which is nearly as much as it received in government grants). Why does Amazon.co.uk pay so little?

Book News: Amazon Debuts Its Virtual Currency

Annalisa Quinn — Tue, 14 May 2013 12:03:00 +0000

The daily lowdown on books, publishing, and the occasional author behaving badly.

Amazon debuted a virtual currency called "Amazon Coins" on Monday. The coins can be used to buy apps in Amazon's Appstore and on Kindle Fire. A dollar will get you 100 of the new coins, though the Internet retailer will discount coins bought in bulk.

Shifting Retail Landscape Tilts Support For Online Sales Tax

Yuki Noguchi — Thu, 25 Apr 2013 07:32:00 +0000

The U.S. Senate may vote this week on the Marketplace Fairness Act, a bill that would allow states to collect sales tax from more online retailers. And as the political and retail landscape has shifted from the last time around, the Senate is expected to approve the measure.

The proposal to require online sellers to collect out-of-state sales tax has been kicked around for many years. For a decade, Amazon was a fierce opponent.

And Amazon had U.S. Supreme Court precedent on its side.

Online Retailers Take Opposite Sides On Sales Tax Bill

Scott Horsley — Tue, 23 Apr 2013 21:09:00 +0000

More online retailers would have to collect sales tax under a bill making its way through the U.S. Senate this week. The measure won strong bipartisan backing on a procedural vote Monday, and President Obama has said he would sign it.

The political battle over the bill pits online retailers against brick-and-mortar stores — and, in some cases, against other online sellers.

Nancy Mashragi of Clearwater, Fla., backed in to online retailing.

Why Amazon Supports An Online Sales-Tax Bill

Mon, 22 Apr 2013 17:04:00 +0000

If you:

1. Live in a state that charges sales tax

and

2. Buy something from an online store that does not charge you sales tax,

then you are supposed to:

3. Calculate the sales tax yourself and add it onto your annual state tax bill.

Not surprisingly, as we reported last week, almost no one actually does this.

As online retailing has grown, sales tax has been a growing issue for state governments, which say b