So, Amazon shows billions and billions of dollars of revenue, but relatively little profit. And it’s only profit that would get taxed at the federal level.
Yes, so that’s not profit anymore. What’s the problem?
Would you prefer that businesses be taxed on revenue and not profit?
Just because a company buys and owns something doesn't automatically make it an investment that shouldn't be taxed as profit.
well you'll be glad to know that these are not what's being spent on - because if they did, it'd be an open and shut case from the IRS.
But
> boosting stock prices they already own
that is not considered investment, and i do not believe a company can avoid paying tax on profits used to perform this action.
That’s not even a thing. We’re not living in an Austin Powers movie.
> or boosting stock prices they already own
Who is “they” in that sentence? Do you know how public traded companies work?
This is a problem inherent to neoliberalism, you’re right, I’m just not sure I’d agree that it requires a nation state level shift in politics to make Amazon pay their fare share in taxes and wages.