Re:Jeff Bezos comes out in support of increased corporate taxes
by astrange on Wednesday April 07, 2021 @01:09AM
(#26720810)
> On the other hand: Wait wasn't it Amazon who cheated on taxes like no other company (compared in size)?
It's because Amazon has low profit margins compared to other companies its size - AWS is profitable but the retail business isn't very much, and investors don't want them to make more money because they like free shipping too much. The remainder is lost to R&D credits.
If people want Amazon to pay more taxes, then Washington state should have an income tax. Pretty straightforward.
It's because Amazon has low profit margins compared to other companies its size - AWS is profitable but the retail business isn't very much, and investors don't want them to make more money because they like free shipping too much. The remainder is lost to R&D credits.
If people want Amazon to pay more taxes, then Washington state should have an income tax. Pretty straightforward.