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.

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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.

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