May 02 2011
In a regulatory filing Wednesday, Amazon said the Securities and Exchange Commission is looking into its sales tax dispute with Texas. The standoff began last September when the state assessed $269 million from Amazon in uncollected sales tax, interest and penalties for the four years to December 2009. Amazon has since threatened to pull its warehouse operations out of Texas
Amazon has another problem on its hands - the Internal Revenue Service recently sent 'Notices of Proposed Adjustment' for 2005 and 2006 relating to the company's 'transfer pricing' with its foreign subsidiaries. The IRS is proposing to increase Amazon's U.S. taxable income for the seven years starting 2005 by about $1.5 billion.
Amazon have also dropped their plans to build a distribution center in South Carolina' after the state's House of Representatives voted against giving Amazon a sales tax incentive.
Members read and review books ahead
of publication. See what they think
in First Impressions!
Visitors can view a lot of BookBrowse for free. Full access is for members only
Southern Gothic fantasy with a contemporary flare set in Savannah
Solve this clue:
and be entered to win..
Books thatinspire you.Handpicked.
Books you'll stay up all night reading; books that will whisk you to faraway places and times, books that will expand your mind and inspire you -- the kinds of books you just can't wait to tell your friends about.