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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 239.16

+2.1%

Jan 23 9:30 AM EST

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To: H James Morris who wrote (139445)	2/17/2002 7:57:50 PM
From: Glenn D. Rudolph	Read Replies (1) of 164684

Amazon's growth is all coming from Europe and Asia. "An agreement over value-added tax (VAT) reached this week by the European Union (EU) could cause trouble for U.S. Internet companies and international trade, according to a report by Gartner. " "The problem, as the United States sees it, is that while EU companies charge tax based on where their headquarters is located, U.S. companies would be required to charge tax based on where the buyer lives. That means European companies could charge a flat tax rate for all purchases made by European customers, while U.S. and other non-EU companies would have to determine where each buyer resides before calculating tax. Such a process would place a significant administrative and technological burden on U.S. e-tailers. U.S. Concerns U.S.-based Web retailers worry that they may have to charge more tax than a European e-tailer, even to the same customer. "Customers in like situations should be taxed alike," Margaret Dawson, international spokesperson for Amazon.com (Nasdaq: AMZN - news), told the E-Commerce Times. "There shouldn't be a variance in how customers are treated." " story.news.yahoo.com

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