Just a few thoughts on Amazon’s tax deal with the Texas Comptroller.
First, both parties win. Amazon will not have to fork over the past Internet sales taxes the Texas Comptroller was demanding. The Lone Star State will get more jobs as Amazon expands its physical presence including commercial warehousing and distribution centers. The state will also get future sales tax revenues collected by Amazon from Texas residents.
Second, Amazon is not anti-sales tax. The company supports the federal monstrosity known as the Main Street Fairness Act.
Third, it is small business, not the Amazons, that get crushed by taxes and regulation.
