Amazon Strikes $300M Fla. Warehouse Plan With Tax Deal

Law360, New York (June 14, 2013, 3:28 PM EDT) -- Online retail giant Amazon.com Inc. has agreed to collect Florida sales taxes to jump-start a $300 million plan to build warehouses in the state, the company and Gov. Rick Scott announced Thursday.

The deal ends several months of negotiations with the Florida Department of Revenue and means that Amazon will begin collecting taxes once it has a physical presence in Florida, per state law. Economic development incentives, however, will play a key factor in any of Amazon's final location decisions and will ultimately decide whether Amazon's...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.