Report: More MN Cos. Have Sales Tax Permits Revoked

Between October and March, the list of Minnesota companies that have lost their permits to collect sales tax reportedly grew by 38 percent.

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.

 

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