Friday, August 11, 2017

Amazon's European Tax Rate Is Less Than 0.1%

The taxes paid by Amazon on its European business amount to less than 0.1% of its revenues. You can find the sickening details here:

Two observations:

(1) As some have observed, this is one of the reasons Amazon has grown so big.

(2) With many large corporations paying little or no taxes, governments soon will have no source of revenue to pay their bills. This is one of the chief reasons the US debt exceeds $20 trillion.

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