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Musk and Bezos haven’t made any profit tho, just grown equity. Is that a relevant distinction here?
by erikpukinskis 8y ago
Musk and Bezos haven’t made any profit tho, just grown equity. Is that a relevant distinction here?
- maym86 8y agoIt's relevant in many cases of many large companies, even profitable ones: https://www.theverge.com/2018/1/2/16842876/google-double-irish-tax-loopholes-european-billions-ad-revenue https://www.theverge.com/2018/1/2/16842876/google-double-iri... Bezos in particular chooses to actively avoid making profit and hide profits to deliberately avoid paying tax. When Amazon makes a profit they still don't pay tax: https://splinternews.com/amazon-made-5-6-billion-in-profits-last-year-and-repor-1823329221 https://splinternews.com/amazon-made-5-6-billion-in-profits-... He's not doing it innocently, it's tactical. They lobby to keep the loopholes open. Although its not illegal, it could be considered unethical which I believe is the context of the original discussion. This kind of sums it up: https://www.theregister.co.uk/2018/05/03/bezos_billions_space/ https://www.theregister.co.uk/2018/05/03/bezos_billions_spac... He has a lot of power to do more for other humans on this planet and doesn't.