A new Illinois tax would apply to large online retailers like Amazon who do business with affiliates in the state. But local businesses are up in arms, claiming it will hurt their bottom line and lead to the loss of jobs, without raising significant revenue.
Amazon may have started out simply, selling books online, but these days it peddles everything from pickled carrots to two-carat diamond rings. The Internet's biggest retailer says it logged the best holiday season in its history despite the rough economy. CEO Jeff Bezos credits the $4 billion the company spent on R&D over the past decade.
Yesterday, Amazon introduced its new on-demand, online store for movies and TV shows, called “Amazon Video on Demand.” Supposedly, Amazon’s new repository will operate much like a cable-on-demand service, offering customers access to more than 40,000 titles in streaming digital video. I say “supposedly” because the store is still in beta and will only be accessible to certain invited Amazon.com customers--until the store officially opens to the public later this summer.