Report: More MN Cos. Have Sales Tax Permits Revoked
During the past six months, the number of Minnesota businesses that lost their permits to collect sales tax increased dramatically, according to a report by the Star Tribune.
Citing data from the Minnesota Department of Revenue, the newspaper reported that in October 2010, a total of 181 businesses had failed to pay the state for sales tax they collected or should have collected. As a result, these companies can no longer conduct business.
By the end of March, that list grew to 250 businesses-a 38 percent increase. And the total debt owed by those companies reportedly jumped 43 percent to $11.6 million.
To view the entire Star Tribune report-which includes a list of 10 businesses on the sales tax permit revocation list that were added between October and March-click here. The list also includes the amount of money each business owed in taxes, penalties, and interest at the time their permits were revoked.