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>...Bezos runs the business around cash flow while minimizing income. This is not really the full picture. For example: >...Project Goldcrest, which is still
by opo 10y ago
>...Bezos runs the business around cash flow while minimizing income.
This is not really the full picture. For example:
>...Project Goldcrest, which is still in place, uses a series of complex intercompany contracts to transfer intangible assets—vital software, trademarks and other intellectual property (IP)—to one of Amazon’s Luxembourg companies, Amazon Europe Holding Technologies. A separate subsidiary, Amazon EU Sarl, then pays AEHT huge sums every year in royalty fees, reducing the amount of taxable income within the company.
http://www.newsweek.com/2016/07/22/amazon-jeff-bezos-taxes-479814.html http://www.newsweek.com/2016/07/22/amazon-jeff-bezos-taxes-4...