1. California and Amazon.com have reached an agreement on their sales tax battle:
California Gov. Jerry Brown signed a bill in a compromise with Amazon.com Inc. that gives the worldâs largest online retailer a one-year reprieve from collecting sales taxes on Internet transactions in the state...Brownâs signature on the bill ends a stare-down with Amazon over a June law treating Internet retailers the same as brick-and-mortar stores that collect the stateâs 7.25 percent levy. Fridayâs agreement will cost California $200 million in revenue it planned to use to help balance this yearâs budget.
Part of the deal is that Amazon and California have promised "to work together for a national standard on taxing online sales."
2. Remember when the Kindle came out and everyone kept making book-burning jokes about it? TechCrunch is saying that when Amazon unveils their new tablet on Wednesday, it will be named the Kindle Fire. There's some more information in the post, tooâit's written by MG Siegler, who broke the story about the tablet a few weeks backâbut I just can't get past that name. Man, that's a terrible name for a book-reading device.