|
|
|
|
|
by crazygringo
357 days ago
|
|
You seem to be misunderstanding. Amazon paid no corporate taxes because it was reinvesting everything into growth. There's nothing illegal or unethical about that – in fact it's not a bug, it's a feature. We incentivize that because it means that Amazon winds up paying more taxes in the long run. Once it no longer has growth opportunities but is just raking in the profits, it winds up paying tons of taxes. Way more taxes than it would've been paying when it was much smaller. It benefits the tax base to let companies make their own decisions about when to grow and when to turn a profit. The last thing you want to do is to start taxing revenue rather than profit, because that slows down economic growth in the entire country. That would be terrible policy. It's not about tricks, it's literally about maximizing tax revenue over the long-term. |
|