struck a deal with California on online sales taxes Friday, agreeing to create thousands of jobs in exchange for a one-year reprieve from collecting state sales taxes.

The online retail giant agreed to begin collecting sales taxes in California by September 2012, though only if Congress doesn’t first pass a federal online sales-tax policy. Amazon, in return for the tax break, said it would create at least 10,000 full-time jobs and hire 25,000 seasonal workers by the end of 2015, a much better deal for California than Amazon had initially offered when talks began in June. –BF

The Wall Street Journal:

The compromise comes as Amazon fights efforts by California and other states to require it to collect sales taxes on purchases made via the site. Seattle-based Amazon has said it wants a federal law to cover the issue, rather than a state-by-state system.

Amazon had previously floated a compromise plan in California that would have it creating 7,000 full-time jobs in the state by 2015, while gaining a reprieve on the sales tax issue until 2014.

Read more

Wait, before you go…

If you're reading this, you probably already know that non-profit, independent journalism is under threat worldwide. Independent news sites are overshadowed by larger heavily funded mainstream media that inundate us with hype and noise that barely scratch the surface. We believe that our readers deserve to know the full story. Truthdig writers bravely dig beneath the headlines to give you thought-provoking, investigative reporting and analysis that tells you what’s really happening and who’s rolling up their sleeves to do something about it.

Like you, we believe a well-informed public that doesn’t have blind faith in the status quo can help change the world. Your contribution of as little as $5 monthly or $35 annually will make you a groundbreaking member and lays the foundation of our work.

Support Truthdig