Amazon and the Tax Man - WM Net Briefs
Amazon recently announced its plans for a service that will collect sales tax for third-party merchants, the first real indication that the ecommerce giant is finally catering to the demands of government officials on what has been an ongoing issue for years. As the majority of consumers are moving online to do their shopping, the sales tax issue has been discussed at length as a way to help keep brick-and-mortar stores remain relevant and competitive. The new Amazon program will charge merchants a fee for the service that is equal to 2.9 percent of what is collected in sales tax, and it is expected to begin in early 2012. However, the service is optional, and will be offered to all thirdparty vendors in all 50 U.S. states. Currently, Amazon collects sales tax in Washington, New York, Kentucky, Kansas and North Dakota, as well as some foreign countries.
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