Tags: amazon | sales | tax | florida

Amazon Begins Collecting Florida Sales Taxes for Internet Sales

Thursday, 01 May 2014 06:37 AM

Amazon.com Inc. today begins collecting sales taxes on purchases in Florida, adding the fourth most-populous state to the list of places where the world’s largest Internet retailer levies the charges.

The Seattle-based company last year agreed to collect Florida’s 6 percent sales tax as it builds two warehouses in the state. Amazon will collect as much as $80 million annually in levies, according to an estimate by the Florida Retail Federation, a business trade group based in Tallahassee.

Amazon now collects taxes in 21 states, including California, Texas and New York. Amazon doesn’t charge levies in states where it lacks a physical presence, such as as a warehouse.

Researchers at Ohio State University published a paper last month that said sales dropped in states where Amazon added the charge

The U.S. Supreme Court ruled in 1992 that retailers can be forced to collect a tax only in states where they have a physical presence.

 

© Copyright 2015 Bloomberg News. All rights reserved.

1Like our page
2Share
US
Amazon.com Inc. today begins collecting sales taxes on purchases in Florida, adding the fourth most-populous state to the list of places where the world's largest Internet retailer levies the charges.The Seattle-based company last year agreed to collect Florida's 6 percent...
amazon, sales, tax, florida
154
2014-37-01
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved