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Exactly! Basically US companies have a massive tax advantage over local competitors in other countries. Every time you see another local bookshop closing down b
by anonymousDan 10y ago
Exactly! Basically US companies have a massive tax advantage over local competitors in other countries. Every time you see another local bookshop closing down because it can't compete with Amazon's 'economies of scale', you should realise in fact a large part of its advantages are due to US tax repatriation laws.