Amazon Trades Jobs for Tax Waivers
After battling the collection of sales taxes in California, Amazon.com (NASDAQ:AMZN) announced a deal today to collect Tennessee sales tax in 2014.
Amazon will invest $350 million in the state by building two new distribution centers. The venues will add 2,000 full-time jobs in the yet-to-be determined locations. Amazon has already announced distribution centers in Cleveland, Chattanooga and Lebanon, which had enabled the company to get an indeterminate waiver on collecting state sales tax.
Following is some stock price performance information of these companies:
- Amazon (NASDAQ:AMZN): The shares recently traded at $220.47, up $0.97, or 0.47%, on the day. The shares have traded in a 52-week range of $151.40 to $244 and its market capitalization is $100.13 billion. About the company: Amazon.com, Inc. is an online retailer that offers a wide range of products. The Company’s products include books, music, videotapes, computers, electronics, home and garden, and numerous other products. Amazon offers personalized shopping services, Web-based credit card payment, and direct shipping to customers.
(Note: Selected financial data are sourced from Google Finance. All data are assumed to be accurate.)
Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.