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Sales tax

September 18, 2008By Michael Cader

BN Square with California Over Tax Dispute

September 18, 2008By Michael Cader

The Sacramento Bee says that as of last week, all actions and claims between the State of California and Barnes & Noble have been resolved. BN noted in their last quarterly report that they had paid the state $9 million in a settlement of claims against the bookseller’s online unit for sales tax of $17 million (plus interest and penalties) that should have been collected prior to November 2005. The settlement has been approved, and a countersuit by BN against the state’s board of equalization was dismissed.SacBee

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