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Submission + - Amazon Folds in California Sales Tax Deal

theodp writes: You got to know when to hold 'em, know when to fold 'em. In a deal indicating all sides appear ready to call a truce, the San Jose Mercury News reports that Amazon.com is offering to back down from its referendum drive to repeal an online sales tax in exchange for a one-year moratorium on collecting the tax. Under the deal, Amazon would agree to begin collecting the tax from California residents in September 2012, unless Congress takes action on Internet sales taxes before then. The development comes a day after a NY Times editorial ripped Amazon over its sales 'tax dodge'.
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Amazon Folds in California Sales Tax Deal

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