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> And tax isn’t something that he’s going to pay as an ex-gratia act of kindness. It’s up to governments to come up with the right framework.” "It's up to you
by KennyBlanken 5y ago
> And tax isn’t something that he’s going to pay as an ex-gratia act of kindness. It’s up to governments to come up with the right framework.”
"It's up to you to fight me and my billionaire buddies and hundreds of corporations lobbying for new tax loopholes every year."
Accounting firms send people to Washington to "advise" legislators on changes to the tax code. Said people are then rewarded very handsomely, because the accounting companies get to use the changes for their clients, and because they "advised" legislators to do it, they know ahead of all the other accounting firms what's going to happen...
- saddlerustle 5y agoUnfortunately Amazon pays little taxes not because of trickery with tax loopholes, but mostly because by design companies only owe taxes on profits and Amazon has made (on net) very little profit to date. Governments tax corporate revenue too, it's just that's called a sales tax.
- KennyBlanken 5y agoI was speaking about Jeff Bezos, not Amazon. And also, yes, Amazon gets lots of tax loopholes and freebies. They wave "jobs!" around and get property tax breaks and whatnot.