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Amazon (NASDAQ:AMZN) cuts ties with affiliates in Connecticut ahead of the July 1 imposition of...

Jun. 10, 2011 4:22 PM ETAmazon.com, Inc. (AMZN) StockAMZNBy: Stephen Alpher, SA News Editor8 Comments

Amazon (NASDAQ:AMZN) cuts ties with affiliates in Connecticut ahead of the July 1 imposition of a state tax on online purchases. The so-called "Amazon tax" was expected to generate $9.4M in revenue, but the company's move means the measure may be a net loser to state coffers.

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