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Amazon doesn't have buildings in Texas. A subsidiary company does. That company is required to pay taxes in Texas. Amazon however, by not having a presence ther
by zcid 15y ago
Amazon doesn't have buildings in Texas. A subsidiary company does. That company is required to pay taxes in Texas. Amazon however, by not having a presence there is not required to pay taxes. This is old hat and a tactic used by almost every successful company in the world for at least 150 years.
In the long run it is far more beneficial for consumers and corporations. The only ones that lose out are the governments (the citizenry don't lose out by proxy because any potential revenue would be spent in non-beneficial ways regardless).
- _delirium 15y agoSmall companies lose out also, because in general only large-ish companies can afford the overhead of maintaining shell companies. (Not just for this particular loophole, but for lots of loopholes involving shell companies.)
- ignifero 15y agoThat view of (democratically elected) governmnets is scary.