Re:Biggest companies pay the least tax, shows new research
by Retric on Sunday April 05, 2020 @04:52PM
(#22788628)
To clarify, it’s not just government orders in play. Size can have some positive knock on effects, but it’s far less import than often portrayed.
High end/home toilet paper is in increased demand because people are using fewer public toilets which use the cheaper bulk toilet paper. Inversely, Starbucks voluntarily closed many stores because they served areas like collages that where going to be devoid of people.
So, while there is plenty of spin around both topics the reality is significantly different from how things things are being reported.
Most Starbucks stores were ordered to close by the government, and the government has advised against (and in some cases banned) air travel. Of course those companies are suffering.
Furthermore, I'd argue that Starbucks is more likely to survive this than local cafe chains, and United is more likely to survive than regional discount airlines.
Smaller tech companies are already seeing the impact from the pandemic, and they will soon see more impact. Tech employees can work from home, so the companies are still producing things. However, most tech companies will have dramatic drops in revenue for the next few quarters and larger ones are more likely to be able to stick it out until the economy recovers.