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Or to put it another way, Amazon grew by taking margin from retailers and giving it back to customers. Amazon is successful not because they underpay employees
by JackFr 8y ago
Or to put it another way, Amazon grew by taking margin from retailers and giving it back to customers. Amazon is successful not because they underpay employees or evade local sales taxes, but because the do a better job at retail than most retailers do.
If you're inviting me to take part in an exercise to return margin to the retailers from the consumers, I'll politely decline participation in this farce.
- gonvaled 8y agoI am not sure how Amazon grew, but it is a fact that, nowadays, they are paying low wages, and that they are paying very little tax.
- chosenbreed 8y agoTo be fair though the corporate tax rates in the US are relatively high. I dare say anyone company in their position would do the same. Another point to mention is that I don't think they're as profitable as the other giants Apple, Google though their revenues are humongous...I hear some big corporations sitting on stockpiles of cash are waiting for the rate to come down before re-repatriating their profits :-)
- s73v3r_ 8y ago"Amazon is successful not because they underpay employees or evade local sales taxes" What? That's a very large part of why they're successful.
- sct202 8y agoThey also had an advantage up until a few years ago by not collecting sales tax in most the country, so part of their margin advantage was due to that as well.