Amazon Will Be Covered If International Tax Deal Ever Becomes Law

zerohedge2021-06-08

Amazon shares tumbled to their lowest levels of the session on Monday amid reports that Amazon would be included in a G-7 deal cemented over the weekend to retool the minimum corporate tax in some of ...

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Comments

steven_tohhl
2021-06-08
steven_tohhl
Amazon expensive but reliable stock. Give a like and comment
- RladPdnjs:
  Agreed
- steven_tohhl:
  yeah
Ktkw
2021-06-08
Ktkw
Yuppp
Wanzura
2021-06-08
Wanzura
Excellent
mantis
2021-06-08
mantis
That’s good
Louis7779
2021-06-08
Louis7779
wow
Deonc
2021-06-08
Deonc
Oh no

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A Luxembourg subsidiary paid zero corporation tax in 2020 on sales income from across Europe of €44bn (£38bn), making Amazon a prominent target for politicians campaigning for changes to the global tax system.However, its profit margin in 2020 was only 6.3%. It runs its online retail business at very low profit margins, partly because it reinvests heavily, and partly to gain market share.\n\nOf course, with the Democrats in the driver's seat, it's hard to imagine that Bernie Sanders or Elizabeth Warren would allow Amazon, a common target for their populist attacks, to escape the greatest international corporate tax overhaul in 100 years. As Richard Murphy, visiting professor of accounting at the Sheffield University management school, argued to the Guardian, the 10% profits threshold was \"inappropriate\" because of different business models for different companies. 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Give a like and comment","listText":"Amazon expensive but reliable stock. Give a like and comment","text":"Amazon expensive but reliable stock. Give a like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/117669799","repostId":1145769660,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4630607,"gmtCreate":1623139642885,"gmtModify":1663228190646,"authorId":3583718308045678,"author":{"id":3583718308045678,"idStr":"3583718308045678","authorId":3583718308045678,"name":"RladPdnjs","avatar":"https://static.tigerbbs.com/0b245debbf7b2de28ff815ff679d9136","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117669799,"type":1,"supId":0,"prevId":0,"content":"Agreed","text":"Agreed","html":"Agreed"},{"id":4630430,"gmtCreate":1623138624491,"gmtModify":1663228190531,"authorId":3581623655917850,"author":{"id":3581623655917850,"idStr":"3581623655917850","authorId":3581623655917850,"name":"steven_tohhl","avatar":"https://static.tigerbbs.com/d8aa0a1a1a330f5dba66a57003463e6c","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117669799,"type":1,"supId":0,"prevId":0,"content":"<u>yeah</u>","text":"<u>yeah</u>","html":"<u>yeah</u>"}],"langContent":"EN"},{"id":117688131,"gmtCreate":1623138037723,"gmtModify":1704196831753,"author":{"id":"3564917665277560","authorId":"3564917665277560","name":"Ktkw","avatar":"https://static.tigerbbs.com/c3b319f06c5f5672546acc9d6f02dec1","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3564917665277560","authorIdStr":"3564917665277560"},"htmlText":"Yuppp","listText":"Yuppp","text":"Yuppp","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/117688131","repostId":1145769660,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":117683697,"gmtCreate":1623137822019,"gmtModify":1704196829978,"author":{"id":"3586214007569715","authorId":"3586214007569715","name":"Wanzura","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3586214007569715","authorIdStr":"3586214007569715"},"htmlText":"Excellent","listText":"Excellent","text":"Excellent","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/117683697","repostId":1145769660,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":117683024,"gmtCreate":1623137801168,"gmtModify":1704196829162,"author":{"id":"3586071331856012","authorId":"3586071331856012","name":"mantis","avatar":"https://static.tigerbbs.com/d927d637d7d9327bda7d6e8cadc999c4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586071331856012","authorIdStr":"3586071331856012"},"htmlText":"That’s good","listText":"That’s good","text":"That’s good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/117683024","repostId":1145769660,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":117617098,"gmtCreate":1623137562214,"gmtModify":1704196825269,"author":{"id":"3579095725705542","authorId":"3579095725705542","name":"Louis7779","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579095725705542","authorIdStr":"3579095725705542"},"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/117617098","repostId":1145769660,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":117619815,"gmtCreate":1623136868537,"gmtModify":1704196814265,"author":{"id":"3569316529855154","authorId":"3569316529855154","name":"Deonc","avatar":"https://static.tigerbbs.com/d9aa45dd2eb58357f6477dcfb99d1415","vip":1,"crmLevel":3,"crmLevelSwitch":1,"idStr":"3569316529855154","authorIdStr":"3569316529855154"},"htmlText":"Oh no","listText":"Oh no","text":"Oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/117619815","repostId":1145769660,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":19,"commentSize":6,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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