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Amazon now pays the lowest taxes ever
- atonse 8y agoCue all the bullshit responses from the CEOs (like Tim Cook) "We pay _every penny_ of taxes we owe" – yeah, after you game the system 40 ways from Sunday to reduce the bill. I wish there was political will to actually start to close these loopholes, but doesn't that involve getting multiple countries to agree to implementing the rules?
- manuelflara 8y agoIf the US government really wanted those loopholes closed on its corporations, they'd close. But just like Wall Street regulations, higher taxes for the mega rich, etc. this would totally go against the interests of those who actually control politicians. And I'm not saying "Big tech controls the government", but obviously all big corporations play this game, and some of them absolutely do. Tech companies are just rightfully doing everything legally in their power to increase profit and shareholder value. So it isn't going to happen, no matter how much they pretend to be upset about it. It's all working as expected.
- pmoriarty 8y agoThe problem is that the government and the corporations are in many ways the same entity. Corporate execs go on to work in government, and when politicians retire they're often hired by the companies they used to regulate. There's no clean separation between the two as it's often portrayed in the media. So, yeah, they often scratch each other's backs, and when the government rules one way against one corporation they're usually benefiting some other one.
- dang 8y agohttps://news.ycombinator.com/item?id=17676597 https://news.ycombinator.com/item?id=17676597