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> And the biggest insult is Amazon saying they make so little profit. Where is all this money going? I guess they make the profits disappear by using tax haven
by buovjaga 12y ago
> And the biggest insult is Amazon saying they make so little profit. Where is all this money going?
I guess they make the profits disappear by using tax havens:
http://www.ibtimes.com/eus-amazon-probe-puts-scrutiny-global-tax-shifting-schemes-1700683 http://www.ibtimes.com/eus-amazon-probe-puts-scrutiny-global...
- mschuster91 12y agoEven "sunk" or "disappeared" money must end up somewhere. In Amazon's case, they have a shitload of investment costs (warehouse/datacenter building and staffing, both need massive upfront investment and take quite a time to go black) and costs for failed/under research-projects like the Fire Phone.