Re:Biggest companies pay the least tax, shows new research
by ksec on Sunday April 05, 2020 @05:38PM
(#22788952)
Aren't there different type of Tax-avoidance? I am not extremely familiar with Amazon, but AFAIK, Amazon invest most of their profits, if not more ( which can be deducted the following year ) into investment for the company. That could be R&D, benefits its employees, etc. And since they made little to no profits, they paid very little tax.
That is perfectly fine to me, especially when Interest rate is ridiculously low it is simpler to borrow than to sit on cash.
Buying Back Stock in order to avoid tax is wrong to me. Especially if they are borrowing money in doing so. Since its incentive is only to its shareholder ( and its executive ) at the expense of Tax. And as far as I know it was illegal pre 1982.
Correct me if I am wrong, but it seems people often mixed up the two.
That is perfectly fine to me, especially when Interest rate is ridiculously low it is simpler to borrow than to sit on cash.
Buying Back Stock in order to avoid tax is wrong to me. Especially if they are borrowing money in doing so. Since its incentive is only to its shareholder ( and its executive ) at the expense of Tax. And as far as I know it was illegal pre 1982.
Correct me if I am wrong, but it seems people often mixed up the two.