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Look at this from the perspective of Argentina: without the tax breaks, Amazon would have probably located elsewhere. That's a net loss. I'm sure someone in the
by ttul 7y ago
Look at this from the perspective of Argentina: without the tax breaks, Amazon would have probably located elsewhere. That's a net loss. I'm sure someone in the Argentinian government did the math and they probably feel good about the deal they were able to get.
And for those of you who suspect that Amazon paid bribes or delivered favors here, rest assured that not a soul at Amazon would wish to risk prison time for violating the Foreign Corrupt Practices Act.
- meiraleal 7y agoDo you genuinely believe that no american souls risk prison been corrupt outside of America? I have some people and companies to introduce you. Lots of them in Latin America.
- ttul 7y agoCertainly nobody who would survive within Amazon at the level required to make a deal this big. Amazon would retain expensive counsel at all times to ensure complains with FCPA. All major corporations do so.
- colechristensen 7y agoYou are oddly certain, I'm not making accusations but blind faith that corporate compliance programs exist, are substantial, and work is just ridiculous. The recent Volkswagen diesel emissions fraud comes to mind, the CEO and four unnamed executives were charged in Germany recently. (obviously not a bribery issue, but still the same sort of obvious regulations fraud that went all the way up) Why would Amazon or any company be immune to this kind of behavior? Here's a list of FCPA enforcement actions in the last quarter, you can go back years. Several billion dollars total in penalties in the last few years. https://www.fcpablog.com/blog/2019/7/1/fcpa-enforcement-report-for-q2-2019.html https://www.fcpablog.com/blog/2019/7/1/fcpa-enforcement-repo...
- ttul 7y agoI should have disclosed that a close friend is an experienced FCPA lawyer and has briefed me.