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    In this Nov. 11, 2010 file photo, the Amazon.com logo adorns an Amazon.com fulfillment center in Goodyear, Ariz., one of several centers in the Phoenix metro area to open in recent years. The issue of whether Amazon.com should be required to collect tax on online sales to Arizonans isn't going away. State legislators considered but ultimately shelved proposals to force the online retailer to collect tax on its sales in Arizona. But the issue is expected to resurface publicly within the next few months when a newly appointed state task force considers making recommendations for legislative action in 2013.

    Top Amazon Financial Officer Leaves Company After 15 Years Amid Growing Regulatory Scrutiny - Report

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    Kurt Zumwalt, Amazon’s global treasurer, has departed after 15 years of debt financing, managing company cash and overseeing investment, CNBC reported Monday, citing sources.

    Zumwalt's team spread across the United States, Luxembourg, and India and managed relationships with over 45 banks globally. Earlier this year, Zumwalt reportedly compared the scale of Amazon’s cash balance to that of a “financial institution”.

    According to CNBC, citing people familiar with the matter, Zumwalt left the US-based shopping giant last week.

    The company, which had a record $10 billion in net profit last year and is now sitting on over $40 billion of cash and equivalents, is entering another heavy investment cycle as it looks to make one-day delivery its default for Prime members, CNBC said.

    Amazon is also currently dealing with macro uncertainty due to the ongoing trade war with China, global recession concerns, and growing regulatory scrutiny around its business practices, according to CNBC.

    Zumwalt is reportedly the latest high-profile executive to exit Amazon, CNBC said. Last month, Jeff Blackburn, who was senior vice president of worldwide business development, announced a one-year leave beginning next year, shortly after Prentis Wilson, vice president of Amazon Business reportedly left the company.


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