The Texas economy is one of the most robust in the world. Wildly profitable companies and ingenious entrepreneurs call this state home, and what happens here influences businesses around the nation. Here’s a slice of the profits, losses, big deals, and backroom decisions happening across Texas this week.
Amazon to Tax Texans
After years of butting heads with state officials, Amazon has agreed to begin collecting sales taxes on online purchases in Texas beginning July 1. Comptroller Susan Combs announced today that as part of the agreement, Amazon has promised to “create at least 2,500 jobs and make at least $200 million in capital investments” in Texas in the next four years.
Combs had accused Amazon of failing to pay $269 million in sales