internet taxes

Amazon has offered a $300 million investment and the promise of 5,000 jobs in the state of Texas in exchange for a reprieve on collecting sales tax on purchases made by Texans. It's just one of many similar deals being offered by the e-commerce giant, and Texas is said to be considering it.

The tentacles of Amazon are long, and many states that are suffering tax income shortfalls are itching to squeeze some money out of their state residents' online purchases from the behemoth. The problem isn't with the law, most of the time, but with the collection, and Amazon is caught between the...

Internet sales tax is a hot button in many state legislatures that are attempting to find ways to balance recession-depleted budgets by raking in the sales tax revenue. At the center of this is eBay (EBAY), which reported $8.5 billion sales in 2008 and served as the marketplace for almost $60...