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Amazon isn't unprofitable, they just reinvest everything back into developing the company. Politicians just failed to take that scenario into account when desig
by mrweasel 6y ago
Amazon isn't unprofitable, they just reinvest everything back into developing the company. Politicians just failed to take that scenario into account when designing the tax laws.
I do however agree with you. There is a ton of companies that only survive because investors keep pumping money into them. If you can't turn a profit after ten years, then maybe your company shouldn't exist.
- nspattak 6y agoNo they do not necassarily reinvest everything back to the company, they just funnel the money to tax heavens: https://www.youtube.com/watch?v=d4o13isDdfY https://www.youtube.com/watch?v=d4o13isDdfY
- fyzics 6y agoWhy is reinvesting profits a bad thing. Reinvesting 1Billion into the company is more beneficial to society than paying tax on that 1 billion. Creating thousands of new jobs is much better than however the government would spend the 200M they collect in taxes.
- varjag 6y agoIf it didn't make net profit as GP suggests, it's unprofitable. If it did but shuffled the money via subsidiaries to present that it didn't, it's called tax evasion indeed.