Wednesday, January 11, 2012

Amazon To Begin Collecting Tax In Indiana

Amazon.com will begin collecting Indiana’s 7% sales tax from customers in the state in 2014. The agreement could lead to Indiana bringing in at least $20 million more in annual sales tax revenue. Governor Mitch Daniels’ office says Indiana will become the fourth state with such a tax collection agreement with Amazon. It follows a lawsuit by an Indianapolis-based shopping mall owner against the state over the issue and a lobbying push by traditional retailers to end what they call an unfair price advantage for online retailers. The deal doesn’t include any other companies, but Daniels said the state is asking Congress to require all online businesses to follow suit.