Californians spend freely on Amazon.com before sales tax deadline, Yay or Nay?
Quietman ~PWCM~JLA
2012/09/06 17:39:15
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Chris Cheng doesn't need 40 hand warmers right now, but the longtime Amazon.com customer is loading up on them anyway.
With the Internet retail giant set to begin collecting sales taxes on California purchases Sept. 15, the San Francisco resident is among many tech-savvy consumers trying to cram in some last-minute tax-free shopping.
Depending on where they live, Californians pay 7.25% to 9.75% in sales taxes, so the savings are substantial — especially on big-ticket items such as electronics. But bargain hunters are also stocking up on inexpensive goods such as food, DVDs and carpet cleaner.
With the Internet retail giant set to begin collecting sales taxes on California purchases Sept. 15, the San Francisco resident is among many tech-savvy consumers trying to cram in some last-minute tax-free shopping.
Depending on where they live, Californians pay 7.25% to 9.75% in sales taxes, so the savings are substantial — especially on big-ticket items such as electronics. But bargain hunters are also stocking up on inexpensive goods such as food, DVDs and carpet cleaner.
Read More: http://www.latimes.com/business/la-fi-amazon-shopp...
"The company disclosed the investigation in a filing with US financial regulators. It was alleged that the company recorded sales of more than £7.6bn in Britain over the past three years without paying corporation tax.
Amazon does not disclose how much tax it pays in Britain.
However, its main UK subsidiary, Amazon.co.uk, is regarded as a "service company" rather than a retailer.
That means that the British company provides services to a parent company based in Luxembourg, where the tax rate is lower, the Guardian said. "