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Amazon operated under a loss for so long they have a ton of carryover tax credits The fact they are not paying taxes right now is not a bad thing. We've benefi
by hvoiiita 8y ago
Amazon operated under a loss for so long they have a ton of carryover tax credits
The fact they are not paying taxes right now is not a bad thing. We've benefited from them pushing commerce for the last decade
- maym86 8y agoIt's a bad thing. They're actively avoiding tax and hiding profits. It's not accidental and it's not all because they are reinvesting. They have decided that they shouldn't contribute to things that don't directly benefit them while using the tax payer built infrastructure and lobying to keep it that way. They're using this tax advantage to kill competition. https://medium.com/bull-market/amazon-minimizes-profits-because-ceo-jeff-bezos-hates-paying-taxes-e1e626b1b873 https://medium.com/bull-market/amazon-minimizes-profits-beca... https://www.google.com/amp/s/amp.theguardian.com/technology/2016/feb/18/revealed-project-goldcrest-amazon-avoid-huge-sums-tax https://www.google.com/amp/s/amp.theguardian.com/technology/...