October 27, 2012

Amazon to tax sales in Arizona

Online retail giant Amazon .com has agreed to collect sales tax on its Arizona transactions as part of a legal settlement that could pump millions of dollars each year into state coffers.
Amazon disclosed Friday that it reached an agreement with Arizona that will require it to start collecting taxes on the physical and digital products it sells beginning next year.

The Seattle-based company also agreed to pay Arizona an undisclosed amount to settle the state's claim that it owed $53 million in back taxes from 2006 to 2010.

Read more: Amazon to tax sales in Arizona

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