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Brazilian retailer and PwC client Americanas filed for bankruptcy, its three largest shareholders said over the weekend they had not known of $4 billion in accounting inconsistencies. “We didn’t know of and would never allow any accounting manipulation in the company”, they said in a statement.
If a retailer participates in Amazon’s FBA program and sells under the retailer’s name on Amazon, then retailer is responsible for the B&O tax on those sales at the retailing rate. Also, the retailer must make the election in the contract for Amazon to collect their sales tax.
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