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Corporation tax is based on profits. But what Amazon does is it directs all of it’s profits to growth and obviously to the raise of it’s power. I don’t see any
by heavenlyblue 8y ago
Corporation tax is based on profits. But what Amazon does is it directs all of it’s profits to growth and obviously to the raise of it’s power.
I don’t see any difference between earning more money or power. Except we have not yet invented any way of taxing power.
I wouldn’t go too much about Amazon only if Amazon actually created jobs that implied better societal cohesion, but what they do is they take advantage of the poor and uneducated in order to bring even more power to their own table that they share with nobody else.
I prefer that in a globalised world, companies pay taxes based on how much they have earn and employ in the country they operate in. No tax heavens - the only reason they exist is because other countries subsidise their military/safety nets and education.
- charlesdm 8y agoAt some point we do have to realise more rules aren't helping. Yes, the tax avoidance strategy Amazon uses is unique and interesting in that they keep growing massively, investors value them as a massively profitable company, yet they declare almost no taxable profit. But do we fix this, and if so, how? Maybe monopoly or monopsony laws need to be strengthened.. There will always be ways to avoid tax for those unwilling to pay (tax avoidance is as old as taxation itself), and past a certain point it gets a bit ridiculous to try and create more rules and laws.