The state of Texas is no stranger to the national spotlight. After all, its history began when it broke away from Mexico to form an independent republic and later joined the United States for political and economic reasons. Recently, a big tax break granted to a major company is stirring up controversy over the constitutionality of the procedure, and tax firms and lawyers are having a difficult time making sense of it all.
The Seattle Times reported that retail giant Amazon recently owed as much as $269 million in sales tax to the state, which was nullified in an immaterial payment that left many lawyers frustrated. The non-binding agreement releases Amazon from prior responsibility so long as it begins paying sales tax in July and provides local employment and investment opportunities. Tax lawyers claim that Texas’ constitution explicitly forbids erasing such debt, and that Amazon is receiving preferential treatment.
“While this may seem to be a reasonable resolution in people’s minds, it’s not worth the paper it’s written on. [They] just can’t do it,” said Austin lawyer Buck Wood, according to the news source.
The state comptroller’s office is currently divided, as legal professionals there have so many different opinions on the letter of the law.
Tax lawyers and legal staff seeking legal recruitment should consider Texas a prime destination, since it is likely this case will set a new standard for tax regulations in the state. If you are one of these professionals, but are unsure of where to start looking for a job, you can reach out to the recruiters at Kinney Recruiting. Kinney has access to all sorts of job postings, and can help you adjust to the local environment after a big move.
- Demand for Legal Jobs on the Rise Across the United States
- Urban Gas Drilling Taking Off in Texas
- The Dallas/Fort Worth Metro Area is a Great Place to Live
- National Firms Opening Satellite Branches in Texas
- Texas Law Firms Recognized for Top Attorneys