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re: In response to Amazon's efforts to collect LA sales tax on 1/1/2017
Posted on 12/20/16 at 12:22 pm to Will Cover
Posted on 12/20/16 at 12:22 pm to Will Cover
What is screwed up here in Alabama is this:
Amazon is charging 8% tax(typically sales tax is 9% locally, which is split about 50/50 between city/county and state)
The state will keep all Amazon 8% but will Give Amazon back 2%, provided Amazon submits tax payments on schedule thus Amazon makes 2% profit off customers, that local stores do not make.
Amazon is charging 8% tax(typically sales tax is 9% locally, which is split about 50/50 between city/county and state)
The state will keep all Amazon 8% but will Give Amazon back 2%, provided Amazon submits tax payments on schedule thus Amazon makes 2% profit off customers, that local stores do not make.
1
Posted on 12/20/16 at 6:02 pm to East Coast Band
quote:
The state will keep all Amazon 8% but will Give Amazon back 2%, provided Amazon submits tax payments on schedule thus Amazon makes 2% profit off customers, that local stores do not make.
A timely filed discount is used in most states for sales tax reporting. You don't file on time? Big penalties and interest.
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