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Best Buy was probably saved by states enforcing sales tax on Amazon and similar online retailers. Even price matching doesn't work when your competitor has a 5
by p1mrx 6y ago
Best Buy was probably saved by states enforcing sales tax on Amazon and similar online retailers. Even price matching doesn't work when your competitor has a 5-10% advantage.
- specialist 6y agoYup. Why doesn't Walmart complain every day that Amazon's a better tax cheat? Mutually assured destruction? The Land of the Giants podcast series also touches on Amazon's financing, capitalization. Amazon's core innovations are, in order, 1) tax avoidance, 2) profits avoidance, and 3) treating knowledge workers as an inexhaustible resource to burn thru.