As long as they play within the rules, fair game. If Trump doesn't like the rules, don't single out a company, change the game.
Seriously, what are they supposed to do? Calculate the tax owed and then add a random amount?
Trump Attacks Amazon, Saying It Does Not Pay Enough Taxes
11–20 of 30 posts
Re: Trump Attacks Amazon, Saying It Does Not Pay Enough Taxes
#12My understanding was that Amazon, until recently, intentionally hasn’t turned any profit. You don’t have to pay taxes if you don’t make any money...
Re: Trump Attacks Amazon, Saying It Does Not Pay Enough Taxes
#13I’m most impressed by his accusation of Amazon using the USPS as their “delivery boy”. Seriously, this guy could have had a great career in standup. It’s a great loss for the country.
Made even funnier by the fact that parcels are one of the few places USPS actually makes money and has growing revenue.
I've been hearing this argument (Amazon is abusing the USPS) from a ton of my far-right family / acquaintances and I'm sure these claims will just amplify it.
With that said, if USPS really isn't making money on the parcels from Amazon they can and should raise their rates. And if doing that makes them no longer competitive with UPS and Fedex than so be it. That's how markets work. In the private sector it is usually illegal to sell for less than your cost to undercut competitors.
An interesting analysis: https://www.vox.com/2017/12/29/16830128/amazon-trump-twitter...
Another interesting article that says the post office loses money on Amazon because of the capital expenditure required to ship packages. But it strikes me that eventually that cost will be paid for:
https://www.washingtonexaminer.com/for-every-amazon-package-...
Re: Trump Attacks Amazon, Saying It Does Not Pay Enough Taxes
#14Wrong country and maybe wrong company.
Apple pays so few taxes in Germany – approximated 2,8% taxes on their earnings – that the public is totally pissed (but it is for incomprehensible reasons legal). World wide Apple made ~62 billion dollar last year, but paid only ~25 million tax in Germany (0,2% of the total). At the same time they sell a lot of products here, this is so wrong. I guess Amazon is not better, but the real sinner is Apple.
Re: Trump Attacks Amazon, Saying It Does Not Pay Enough Taxes
#15You could argue that part of Amazon's success has been due to its helping customers evade state sales taxes. However, Trump has often talked about loosening libel laws because he thinks he is unfairly attacked by the press, and he dislikes the Washington Post, owned by Jeff Bezos. I don't trust Trump's objectivity on this issue, to put it mildly.
Re: Trump Attacks Amazon, Saying It Does Not Pay Enough Taxes
#16In his own words that makes them smart, right? https://www.snopes.com/fact-check/trump-taxes-smart/
Bad people are often smart.
Re: Trump Attacks Amazon, Saying It Does Not Pay Enough Taxes
#17My understanding was that Amazon, until recently, intentionally hasn’t turned any profit. You don’t have to pay taxes if you don’t make any money...
Which is one reason why the high-revenue/low-profit growth strategy is so good. It feels similar to me how in chess you sacrifice pieces to capture control of the center of the board.
Re: Trump Attacks Amazon, Saying It Does Not Pay Enough Taxes
#18You could argue that part of Amazon's success has been due to its helping customers evade state sales taxes. However, Trump has often talked about loosening libel laws because he thinks he is unfairly attacked by the press, and he dislikes the Washington Post, owned by Jeff Bezos. I don't trust Trump's objectivity on this issue, to put it mildly.
This is all about the Washington Post. If it starts publishing a pro-Trump narrative he will back off.
Re: Trump Attacks Amazon, Saying It Does Not Pay Enough Taxes
#19what's this guy's problem? He has problem with immigrants, he has problem with every other country, he has problems with people from his own administration, and now he has problems with companies that contribute to the economy..No wonders Melania always wears that fuck face everytime she has to be with him !!
Re: Trump Attacks Amazon, Saying It Does Not Pay Enough Taxes
#20Wrong country and maybe wrong company. Apple pays so few taxes in Germany – approximated 2,8% taxes on their earnings – that the public is totally pissed (but it is for incomprehensible reasons legal). World wide Apple made ~62 billion dollar last year, but paid only ~25 million tax in Germany (0,2% of the total). At the same time they sell a lot of products here, this is so wrong. I guess Amazon is not better, but t…
Most resources say they make ~25-30 billion a year in revenue in Europe, and the idea that Germany makes up the majority of said revenue is a bit silly.
Did they pay taxes on the revenue they made in Germany? If so, I'm not sure what your problem is with them? Are you saying that they, a company that owes nothing to Germany, given it wasn't helped by the country at all really in terms of benefits, talent or monetarily, should have to subsidize a country based on the fact that they're successful in other markets?
If every country had that kind of a notion towards taxing, Apple would have less than 1M in profit after paying everyone taxes based on global earnings.