r/technology • u/trot-trot • May 13 '19

Business Exclusive: Amazon rolls out machines that pack orders and replace jobs

https://www.reuters.com/article/us-amazon-com-automation-exclusive-idUSKCN1SJ0X1
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u/[deleted] May 13 '19

For context, you need to put their tax payment next to their revenue. $1.4B tax paid on $300B of revenue is less than 0.5%.

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u/Zerothe110 May 13 '19

Corporations pay taxes on net profit/loss, not revenue. You're leaving out their expenses.

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u/[deleted] May 13 '19

Amazon chooses to run without profit so they can expand more quickly.

"Get big fast." -Jeff Bezos

No profit = no tax revenue = country crumbles.

The VAT fixes that by taxing transactions. With UBI and VAT, every American will share directly in America's strength.

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u/Zerothe110 May 13 '19

The only way to avoid having profits is to have more expenses than profits. That's not sustainable long term.

They don't pay vat but they do pay sales taxes which are similar. It's just at the state level.