Texas Governor Wants Amazon to Stay
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Let them eat cake or maybe a waffle. |
My company is an internet start-up and I'm trying to figure out what state to incorporate in to avoid having complicated tax issues like the ones Amazon is facing.
The state of Texas has stated that Amazon owes 269 million dollars in uncollected tax and the state comptroller would rather have Amazon close its distribution center in Texas, lose hundreds of jobs and millions of dollars than back down and give Amazon some kind of tax break.
Texas isn't the only state that Amazon is fighting with about taxes. Amazon is also fighting with North Carolina. In a recent legal skirmish with the state, Amazon won the right not to share information about its customer's specific purchases but has not resolved the issue regarding taxes.
The Texas governor is now pleading for new legislation so that Amazon can stay in the state and he has a very good reason to be concerned. Amazon was going to expand its center in Texas but now because of Ms. Combs, Amazon is threatening to close their Texas center and move its distribution to a more tax friendly state.
I know times are tough in the US and that states are looking for money wherever they can. I know that Ms. Susan Combs is just doing her job, but shouldn't the governor of the state have some say on what happens? If the governor can get someone off of death row, why can't the governor save hundreds of jobs for Texans?
This isn't rocket science. Just do the math and if Amazon brings more money into your state than what you argue they owe you in Tax, give them a tax credit and let Amazon keep creating jobs for your voting citizens. Save face and jobs at the same time.
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