Amazon Softens Stance on Taxes
Amazon.com Inc. reached an agreement with Texas officials Friday to begin collecting sales taxes in the state starting in July and appears to be backing away from its long-held opposition to tax collection in states where it has warehouses and other facilities.
With the deal, the Seattle-based company is on track to collect sales taxes in 12 states, which make up about 40% of the U.S. population, by 2016. Amazon currently collects taxes in five states. Since 2011, it has reached agreements with seven other states, including Texas, to begin tax collection over the next four years.
