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Good luck doing that with Amazon. You have to have a physical headquarters somewhere, and moving it out of the country has its own costs such as import taxes.
by ironmagma 6y ago
Good luck doing that with Amazon. You have to have a physical headquarters somewhere, and moving it out of the country has its own costs such as import taxes.
I don't know why everyone is so insistent that moving is the only possible result of laws like this. Fortunately taxes do work, or we wouldn't have anything resembling the infrastructure we have in modern Western society. Taxes are a technology like any other.
- emteycz 6y agoTaxes work, too much taxes don't. This is getting into the "too much" territory. I'm very sure that any country a billionaire like this would choose would not have import taxes, or that exception could be made for the privilege of having him.
- ironmagma 6y ago2 billion is 1% of Jeff Bezos’ net worth. Most Americans pay far larger a percentage of that each year in taxes.
- mtmail 6y agoAmazon in Europe moved their headquarters to another country (Luxembourg) to get a special tax deal. Took 2 years but the tax benefit was worth it. https://www.reuters.com/article/us-eu-amazon-taxavoidance-idUSKCN1C913S https://www.reuters.com/article/us-eu-amazon-taxavoidance-id... https://www.theguardian.com/technology/2016/feb/18/revealed-project-goldcrest-amazon-avoid-huge-sums-tax https://www.theguardian.com/technology/2016/feb/18/revealed-...