Amazon in Its Prime: Doubles Profits, Pays $0 in Federal Income Taxes

Re:Amazon in Its Prime: Doubles Profits, Pays $0 in Federal ... by jgalt212 on Wednesday February 13, 2019 @02:39PM (#19156112)

My cynical view is these loopholes will only close when small/midsized companies start to aggressively apply them. However, I fear that when the little guy does this there is a real risk of prison time, and no matter how far Apple and AMZN push the bounds of the law there is no way in hell Bezos or Cook would ever get arrested.

https://www.barnesandnoble.com/w/the-chickenshit-club-jesse-...

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Re:Amazon in Its Prime: Doubles Profits, Pays $0 in Federal ... by anth_anm on Wednesday February 13, 2019 @03:00PM (#19156371)

No one got arrested for 2008. Has anyone been arrested for the Opiate crisis?

Oligarchs don't have the same laws as the rest of us.

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Re:Amazon in Its Prime: Doubles Profits, Pays $0 in Federal ... by umanwizard on Wednesday February 13, 2019 @03:15PM (#19156512)

Let's imagine you were a federal prosecutor. Who specifically would you indict for the 2008 crisis, and on what specific charge?

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Re:Amazon in Its Prime: Doubles Profits, Pays $0 in Federal ... by anth_anm on Wednesday February 13, 2019 @06:22PM (#19158153)

Let's not, because it's a pointless exercise. I'm not a federal prosecutor with the powers to investigate the malfeasance of white collar criminals.

https://www.nytimes.com/2014/05/04/magazine/only-one-top-ban...

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Re:Amazon in Its Prime: Doubles Profits, Pays $0 in Federal ... by jgalt212 on Wednesday February 13, 2019 @06:59PM (#19158381)

accounting fraud, for one. Banks carried so much unsold bonds on their books at prices that were nowhere near reality.

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