Texas – Texas-Amazon sales tax deal benefited both sides, data shows

“Three years on, a much-watched deal to settle a sales tax collection dispute between Texas and Amazon.com appears to have benefited both sides, according to an analysis published Sunday by The Austin American-Statesman.

The agreement saw the state drop its demand that the e-commerce giant pay $269 million in back sales taxes in exchange for Amazon agreeing to collect state sales taxes beginning July 1, 2012. The Seattle-based firm also got incentives to create jobs and make capital investments statewide.”

Further Information:

http://www.click2houston.com/news/texasamazon-sales-tax-deal-benefited-both-sides-data-shows/34623356