News for hackers. Stuff that matters.

A comment on Amazon Quits China Market. Parent comment

Re:Amazon Quits China Market by hartator on Monday April 22, 2019 @06:38PM (#19723752)
Assuming an average 8.00% sales tax on Amazon revenue 232.9 billion USD, Amazon still paid $18-19B in taxes. That's significant. And EU VATs are usually higher than 8.00%.
[ Parent | on HN ]
Re:Amazon Quits China Market by 1986 on Monday April 22, 2019 @06:46PM (#19723811)
Amazon didn't pay those taxes, purchasers did.
[ Parent | on HN ]
Re:Amazon Quits China Market by hartator on Monday April 22, 2019 @06:52PM (#19723850)
In theory. Also, purchasers can be seen as paying profit taxes as well.
[ Parent | on HN ]
Re:Amazon Quits China Market by munk-a on Monday April 22, 2019 @07:24PM (#19724085)
The theoretical response of Supply & Demand curves to taxes that we learned in macro don't hold as instantaneous or ever fully realized in the real world. Humans simply aren't rational actors.
[ Parent | on HN ]