Apple and Taxes: What the New York Times Missed

Sunday’s New York Times story on the strategies Apple uses to minimize its tax bill missed a few key points worth considering.
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Amazon Tells Lawmakers It Supports Sales Tax

Amazon.com Inc. “strongly supports” federal legislation permitting states to collect state sales tax from Internet retailers, so long as few companies are permitted to duck the requirements, an Amazon executive said at a congressional hearing Wednesday.

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Amazon Wins Reprieve on California Tax in Exchange for Jobs

California Gov. Jerry Brown on Friday signed compromise legislation granting Amazon.com Inc. a reprieve from collecting state sales tax after the company offered the promise of thousands of jobs, a development that comes as the online retail giant takes up a broader sales-tax fight on multiple fronts.

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Amazon Battles States Over Sales Tax

Amazon.com Inc., the world’s largest online retailer, hasn’t charged sales tax in most states since its founding in 1994. And it has taken some extreme measures to keep it that way.

News Byte

Overstock Ends Affiliate Marketing in Four States to Avoid Sales Tax

Overstock.com is no longer using affiliate advertising in four states to protest upcoming laws that will require online retailers to collect sales tax if they are marketing within state boundaries. The states are Rhode Island, New York, North Carolina and Illinois. Online retailers typically do not collect sales tax from customers in states where they do not have a physical presence, but the interpretation of presence is getting broader as states seek new revenue. Overstock will instead market directly to residents in those states by giving customers a credit worth about $30. In all, Overstock said, the program could cost about $4.5 million.

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Egypt, Al Gore and the .XXX Domain–Bill Clinton Keynotes ICANN in San Francisco

Former President Bill Clinton addressed about 800 attendees last night at the 40th meeting of the Internet Corporation for Assigned Names and Numbers, ICANN, at the Westin St. Francis in San Francisco. Luckily, the protesting porn stars aren’t due until today.

The Best and Worst States for Online Shopping

Not all states are equal when it comes to shopping online. Here’s a list that ranks states in terms of how fast and how much it costs to get parcels to your front door.

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Amazon Takes Action in Illinois as War on Sales Taxes Continues

Amazon.com Inc.’s battle with state governments over sales taxes is escalating. The online retailer on Thursday took action in Illinois, as it had threatened to do, to counter a new law aimed at forcing online retailers to collect sales taxes in the state. Hawaii, North Carolina and Rhode Island have enacted similar laws, and California is weighing action.

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Amazon Partners Wooed By B&N

Barnes & Noble Inc., seeking to take advantage of Amazon.com Inc.’s sales-tax battles with several states, is making a pitch to websites that direct traffic to its online rival, urging them to move their business to BN.com.

Spare Change for Amazon Shares?