Amazon Reaches Agreement with Indiana on Sales Taxes

Amazon has reached an agreement with the Indiana government to begin collecting sales taxes on purchases shipped to that state, marking the latest twist in the retail giant's often contentious relations with state governments over tax issues. Under the agreement, Amazon committed to begin collecting Indiana sales taxes in 2014, a move that the state's Department of Revenue estimates would generate $20 million to $25 million in annual revenue that currently goes uncollected. The deal does not involve any other companies. Indiana estimates the total volume of uncollected revenue from online sales taxes at about $75 million each year.