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Amazon (AMZN +0.3%) acknowledges it received a claim from France's taxing authority for $252M to...

Amazon (AMZN +0.3%) acknowledges it received a claim from France's taxing authority for $252M to cover what it calls "the allocation of income between foreign jurisdictions" for the years 2006 through 2010. The move follows efforts by counterparts in the U.K. to question the company along with U.S.-based firms Starbucks and Google over similar issues.
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Comments (7)
  • Paulo Santos
    , contributor
    Comments (20739) | Send Message
     
    That was on the 10-Q.

     

    Also they're being forced to collect sales tax in another US State, I forget which at this point, it's also in the 10-Q.
    12 Nov 2012, 12:37 PM Reply Like
  • krk
    , contributor
    Comments (827) | Send Message
     
    Whatever happen to this matter from their 1Q2011 report?

     

    "we recently received Notices of Proposed Adjustment from the IRS for the 2005 and 2006 calendar years relating to transfer pricing with our foreign subsidiaries. The Notices propose an increase to our U.S. taxable income which would result in additional federal tax expense over a seven year period beginning in 2005 totaling approximately $1.5 billion, subject to interest."
    12 Nov 2012, 01:32 PM Reply Like
  • Paulo Santos
    , contributor
    Comments (20739) | Send Message
     
    I think it's still being discussed, they just removed the reference to the value don't know why.
    12 Nov 2012, 01:36 PM Reply Like
  • wyostocks
    , contributor
    Comments (8244) | Send Message
     
    Is this a growing snowball with big implications down the road?
    12 Nov 2012, 12:39 PM Reply Like
  • jmjjmj1
    , contributor
    Comments (166) | Send Message
     
    ...the more Amazon loses the more its price gains, that is some inverse relationship!
    12 Nov 2012, 01:23 PM Reply Like
  • Lares Capital
    , contributor
    Comments (428) | Send Message
     
    I agree with Amazon here. They are non-profit, charitable organization that supplies its customers goods below cost. They should not be taxed at all.
    12 Nov 2012, 02:36 PM Reply Like
  • Akimbe
    , contributor
    Comments (60) | Send Message
     
    I now think AMZN's plan is the following: "give away" the retail margin in exchange for the customer relationship with the end game being going after GOOG's business: superior advertising venue. Search on AMZN, advertise on AMZN.

     

    Later if they kill everyone else off, THEN crank the retail margin when users have no other choice.
    13 Nov 2012, 06:47 PM Reply Like
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