When Amazon makes moves, it tends to draw attention. Recently the company made headlines for an increase in stock prices after the release of its fourth quarter earnings. Forbes put it this way, comparing Amazon to Apple, “Amazon (AMZN) reports disappointing revenues and profits and its stock soars 10%. But when Apple (AAPL) meets revenue targets and beats profit forecasts, its shares plunge by 12%.” Some attribute the difference to the fact that Wall Street was impressed by a rise in Amazon’s profit margin. “Amazon reported margins of 24.1 percent and that was the number that made Wall Street happy” (Techcrunch).
But rising stock prices aren’t the only reason Amazon garnered media attention recently. The company has started several new chapters in its ongoing sales tax saga (including speculation that new sales tax obligations may have impacted Amazon’s fourth quarter earnings). The new chapters include collecting sales tax in Arizona starting February 1, building new development centers in Texas as part of a sales tax deal with the state, and sending sales tax emails to Tennessee residents who have made purchases from Amazon. Get the details on all of Amazon’s recent sales tax moves and discover other to sales tax news stories below.
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