Monday, March 7, 2011

Amazon.com (NASDAQ:AMZN) Still Not Paying Taxes

Amazon.com (NASDAQ:AMZN) has made more threats over California sales tax bills.
Amazon.com (NASDAQ:AMZN) Still Not Paying Taxes Amazon.com (NASDAQ:AMZN) has
threatened to cut ties with more than 10,000 California-based websites that get
revenue through the Internet giants affiliate program if California passes a law
to tax online sales. Paul Misener, Amazon.com (NASDAQ:AMZN)'s VP for global
public policy, wrote in a letter that, "Amazon respectfully opposes the new
tax collection schemes proposed … because they are either facially
unconstitutional or would construct Trojan horses for functionally identical
unconstitutional regulation. Similar legislation in other states has,
counterproductively, led to job and income losses and little, if any, new tax
revenue." Amazon.com (NASDAQ:AMZN) stocks were at 171.67 at the end of the
last days trading. Theres been a -2.3% change in the stock price over the past 3
months. Amazon.com (NASDAQ:AMZN) Analyst Advice Consensus Opinion: Moderate Buy
Mean recommendation: 2 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.94 Zacks
Rank: 4 out of 18 in the industry

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