How Amazon Pays $0.00 In Taxes (Yes, Legally)
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- Опубликовано: 14 мар 2019
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Amazon pays nothing in federal taxes. Here's how they do it! The world was shocked when it heard that Amazon, one of the largest companies in the world, paid $0 in taxes. So how did they do it? And perhaps more importantly, how come only Amazon paid $0, while other giants like Apple and Google paid (at least some) taxes?
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#JeffBezos #Amazon #Taxes
⚠ 📣 *MAJOR ANNOUNCEMENT:* Business Casual is suing RUclips. We have just published a feature-length documentary about our case. It is being censored. If you are a fellow creator, you need to watch this. ➡ ruclips.net/video/4IaOeVgZ-wc/видео.html
you deserve a medal for always choosing the most interesting topics to talk about.
I love your contents.
A medal? Really?
Don't joke you are the best
Wow i found you
Aren't YOU the dummies raised hell for stock options to be treated as expenses. NOW you see how stupid that was and want to take it back?! LOL!!!!!!!!!
On March 13, 2009 domino's stock was $6.42, as of March 15, 2019 it is at $245.65!
absolutely remarkable
That’s a huge growth.
Having invested in Domino > Having invested in Bitcoin
BanguinTV
Nah, bitcoin is alot better
That was right after the recession. People will still get their large 2 topping pizza for 5 bucks. Great deal at the time.
@@CorporateShill is bitcoin the real deal and how do i profit from it
Having more of your income confiscated,your entire life in exchange of substandard government run service isn't anything to brag about. its actually embarrassing..
Clearly multiple actions are needed in order to achieve reform.
The same way the US is competing against China and Bitcoin.
@@carsoncordelli9557 yes, you're right. It's doesn't want to allow China and Bitcoin to become the world's digital exchange leading currency.
@@smithwillison6345 The U.S government will introduce it's own digital currency as soon as it feels there's more market acceptance by the general public.
Welcome to the U.S. where our motto is; "come back when you are a little more richer."
Surprising how Domino's stock has outperformed Amazon during the past 5 years, but nobody seems to notice.
@@davidrosner6267 pizza tastes good
They hire highly experienced stock trader's
@@DoDo.444 what????????? that makes Zero sense. They're a pizza company not a fucking investment bank
It's a good bet, pizza tends to do well no matter what, even during recessions. It's a product everybody buys no matter the situation, it'll take a full collapse of society to kill the pizza industry.
@@sparky69withcheese bro i know they're pizza restaurant company but they hire people who are better in stock and know how stock works to get their stock rise no matter what happen
People: it's impossible not to pay taxes
Jeff Bezos: *hold my money*
Everyone pays sales tax and Amazon still has to pay state tax in the states that have it. They just didn't have to pay federal tax. So yes it's still impossible to not pay taxes.
@@scottyhaines4226 I know everyone pays taxes no matter what they try to do, I was just trying to make someone laugh.
@@scottyhaines4226 lol i dont pay taxes. Its call working under the books
@@marcelrodriguez2067 you pay sales tax. That's for sure and if you own land or a house you pay property tax too. There's no way to get away from taxes in this country.
@@scottyhaines4226 i live in the hood i buy stolen goods, but i do get your point. One way or another you end up paying tax. Even in food.
Here in the netherlands starbucks doesn't pay taxes ether ,because our goverment asked them how much they wanted to pay and they said: nothing. 🤦🏿♀️
@@postconsolepeasant6538 but they still make money there so yeah they should have to pay taxes like everyone else in the world
@@bluewidow9151 no
Neither does The Royal Dutch Shell,
the fair world we live in
Netherlands stole and slaved the world
@@arthurg.machado6803 you're on the IRS watchlist.
Everybody hate big corporation Amazon but everyone buy from big corporation Amazon. Then they wonder why Amazon is so big.
Facts
Easwar Hariharan they’re so big that in some cases you kinda have to. They buy all their competitors and seem to be the only suppliers of a great many products. This beast can only be contained by legislation but politicians don’t have the balls.
@@PorkotylerClips You still have other choices so it's the people.
Art Smosh ok.
@@ArtSmosh1274 Duh it's the people but the $0 tax thing is clearly something politicians can change. It's not all 100% on us.
People who give up in life are people who lose in life, my first experience happens to be a failure but I never gave up cause I knew it was going to work out for me trying continuoo, fortunately I'm smiling today by getting involved investment in BITCOIN
I made $13,800 within 6days of trading
@@estherduran9265 You're lucky
I Lost $1500 trading with an unprofessional trader
Most people don't invest due to ignorance
People are scared of investing because of the high rate of scam in the business. There are scammers but real brokers are out there for investors
Domino's seriously grew more than Amazon? lol I guess pizza really is the solution to everything
In Brazil it mostly is...
Chipotle stock out did them both suspiciously
I'd say that there's good reason Domino's pizza is making more money than Amazon. They just opened a new branch in Bangladesh, and they have ridiculously high quality control and service which makes people super impressed. They also have a brain and use it when it comes to Economies of scale and advertising, so they can manage to let many people know and get shocked at how cheap their pizzas are.
In short, id say they deserve the spot.
@Moni lit yep, higher population density equals more costumers without having to open more branches
Probably cause weed is being leagalized everywhere lol
I always wondered why during peak season they gave away to us employees thousands in gift cards..50 inch tvs..brand new play stations..200 dollar ear buds... Echoss and fires...and the list goes on and on.. I knew it was All for tax deduction! I knew they won't just being nice for the hell of it!
its a win-win situation, actualli an Ideal place for a business to be in.
When is peak season
@@petergeramin7195 basically the last week or two of November until christmas
Giving you cash might possibly result to putting you on a higher tax bracket, right? Will giving you non-cash benefit have the same effect?
On the other hand, whether the company gives you cash or reward in other forms, the company will recognize a cost or expense which will lower the company’s taxable income, correct?
Btw, I’m not an American and I live outside US.
@@oliberrrTo be honest...I don't know exactly how all the details work. But as far as I do know....NON cash prize/bonus/gifts have nothing to really do with your tax bracket affecting your regular pay itself. But the taxes for the item you recieved are deducted from your paycheck by the employer. For example. If amazon gives me a tv. On my next paycheck it will show a deduction where they make me pay the taxes for that tv. And then yes...Amazon themselves write off the value of the tv as a tax deduction on their end at the end of the year. And When you receive a cash bonus or prize of anything under 1 mil...as long as your employer lists everything line by line separately (meaning regular pay is listed on a diff line than your bonus pay) then they use a standard flat rate to tax the bonus separately. Or its taxed separately at the same rate at whichever tax bracket your regular income falls under. If you work for an employer who lump sums all your pay on the same line without breaking anything down to separate the pay types...then it can accumulate to put you into a higher bracket. Overtime pay on the other hand can always change up your tax bracket.
I've watched a dozen of your videos and they're all superb. Thank you for making them.
Awesome work as usual and telling.
Great video! One nitpick: Even when Amazon pays Bezoz with shares, it does cost them (the shareholders). The money would have otherwise come out of the balance sheet of the company, reducing the share's value by that much (theoretically). Since actual stock value is much higher than book value, you could argue that paying with shares actually costs the company more.
And paying executives with shares is mostly a way to incentivise them, not because it's so much cheaper.
Thank you answering my questions before I even ask em. I love this channel.
Awesome content! Thanks!
Thanks for the video .
Honestly, I am more mindblown by your video editing skills, than by the content of the video :D
Do you mind telling me how did you learn to edit so well? :)
The only one they should be able to write off is the R&D imo. Depreciation and stock wages both seem a little shady. Tax code is way too complex
You wanna be able to write of depreciation, as it encourages businesses to 1. Invest in themselves 2. Buy stuff from other businesses. Both of these things contribute to GDP, and the spending can be multiplied by whatever the current Marginal propensity to consume (MPC) is. The stock part I think is just a loophole in payroll deduction, but these employees already get paid lots in total compensation, and it makes more sense for them to create new shares (look up Amazon stock options and RSUs), Facebook for example pays a stupid amount of stock on top of a crazy salary. Most of their tax avoidance (which he doesn't cover) is that they just spend their revenue and make an effort not to create a taxable profit.
Even writing off R&D is sketchy, really. It's not like the results of that R&D are being given away freely to everyone who pays taxes.
@@youtubesuresuckscock Good point, but the point of capitalism is for individuals/companies to innovate in order to out compete one another, it goes torwards society (think like how it's easier to buy stuff from Amazon, and how blue origin is helping to make space travel more accessible)
Edit: Plus it's not just Amazon, think healthcare and stuff
@@BeastinlosersHD The answer is pretty simple: Tax profits rather than gross revenue. Companies that invest more will be lowering their profits (and thus their taxes,) but to get to 0 taxes they would have to reinvest every single penny of profit they earned, meaning that money would be going back out into the economy in some form rather than just being stockpiled.
Of course it would still have to be balanced -- if taxes are too high you'd just get companies saying "ehhh wtf lets just replace our entire computer network every year" and other wasteful expenditures like that -- you still want these companies to be able to make money! Just remove the loopholes that allow them to make money without giving anything back to the community beyond shitty service-level jobs (though to be fair, Amazon specifically has chosen to take on the $15 minimum wage for themselves after it became a political hot topic.. but they're only one company, and $15 will only be a reasonable wage for a while before inflation moves the bar again.. we'll see if Amazon keeps up or if that was a one-time move just for the political points.)
@@altrag They tax profits not gross revenue already
I wait for your video patientlessly you r videos are good and elaborate.
3:11 why are you hiding anime cat girls in your vids
That's not exactly a "girl"
Saintier set I'm not gay but what sexuality am I if I'm into that ??? HmmmmmmmmMMmM
It's not a girl
*Girl* xD
Oh yeah i see it
Your channel has best way to tell stories and picture and presentation and not boring and everything I mean best channel I'm crying
How "x" breaks the law and gets away with it:
Step 1: Be rich
Step 2: Don't be poor
Avoidance isn't a CRIME Mr. "Smith"
Nah its basically just dont be stupid and learn more
That's how mafias get away with everything
Excellent education presentation.
I don't understand why many people see legal tax avoidance as immoral...
It is basic human instinct to reduce one's bills however possible.
When there are completely legal ways to reduce your tax bill, its only natural that entrepreneurs use it for their advantage. It is being smart and frugal.
Besides, Amazon creates a shit ton of jobs to more than compensate for all the taxes they don't pay.
See but people are to lazy to do it themselves and spent a little time or money to learn about it so they prefer to complain.
I'd actualy be willing to pay taxes (even if they are high) if I knew they would be spent on something that matters.
Those jobs last for six weeks then they fire all their employees and tell them to register for next season so that they dont have to give raises.
@You can eat in class!! the thing is tho, that it’s available to everyone… so by definition, it is in-fact fair
@@helgraf6976 exactly
People"thats awful!"
Same people"wish there was a way not to do taxes"
@John Smith Amazon has the #1 worst Employee satisfaction and care in the world
True.
Funny Thing Is, 99.5% Of Our American Tax Code Was Written To Help American Investors Or Foreign Investors To "Pay Little Or Not Paying Taxes At All". THAT'S RIGHT, Out Of 58 Hundred Pages Of Tax Law, Only About 30 Pages Are Devoted To Raising Taxes, The Remaining 5 Thousand 7 Hundred And 70 Pages Are Devoted Entirely To Reducing Your Taxes. In Other Words, Only 0.5% Of The Tax Code Is Dedicated To Raising Taxes.
The 99.5% Was Called "Tax Imcentives", Tax Code Written To Encourage And Attract American Investors Or Foreign Investors To Invest In America, Including The Middle Class Families Or Poor People. Yes, You Heard It Right, "ANYONE CAN USE THE TAX CODE TO PAY LITTLE OR NO TAXES, AND THIS APPLIES TO NEARLY ALL COUNTRIES IN THE WORLD". These "Tax Incentives" Allow Anyone With REAL Financial Education, People Who Know How Money Works, People Who Know How To Raise Assets To Create And Expand The Capital Free Market Across The United States(Or Any Other Developing Countries), To Provide Jobs, Housing, Thereby Increasing Tax Revenues, Expanding The Overall Global Economy.
But The Thing Is, With So Many People Hating The Tax Code In The Comments... How Many Of Them Actually Learn To Use The Tax Code To Their Financial Advantage?
The REAL Problem Starts With The "Modern Education" System That We Have Today, They Don't Teach Students A Single Thing About Money. They Teach Students To Work For A Paycheck, Rather Than Teaching Students To Learn How To Become An Entrepreneur. They Teach Students "People Who Make Mistakes Are Stupid", "Don't Ask For Help", "Teamwork" Is Cheating, "If You Want Something Done Right, Do It Yourself".
We Use Money Every Day, So Why Don't They Teach Us About Money? Mindlessly Telling Students The Hypnotic Mantra Of "Go To School Work Hard, Buy A House, Save Money, Invest In Stocks, Bonds, Mutual Funds, ETFs And Invest In A Well-Diversified Portfolio".
As A Result, Students Came Out Of Their Schools With Knowing Nothing About Financial Education. Before We Know It, Unemployment Rises Due To The Lack Of High Paying Jobs Provided By Students Who Will Become Entrepreneurs Because The "Modern Education" System Doesn't Teach People Anything About Money, They Discourages Entrepreneurship.
Debt Ratio To Gross Domestic Product Produced Are At The All Time High. Inflation Continues To Rise. As A Matter Of Fact, Student Loan Debt Is The NUMBER 1 Asset Of The United States. College And University Students Are Broke, Having To Pay Their Student Loan Debt For The Rest Of Their Lives. Baby Boomers' Pensions Are Going Broke, They Thought Their Pensions Will Be There For Them When They Retire, When In Fact A Huge Portion Of Their Pension Funds Will Either Be Gone Or Left With Nothing At All Because Wall Street Are Ripping People Off. Medicare Funds Are Going Broke, Social Security Are Broke, The Stock Market Collapses, Global Depression Happening Across The World.
The Scary Thing Is, These Things Are Happening Right Now And The Majority Of The People Aren't Even Aware Of It. People Call It "Economics", But I Call It "Bubble-nomics". In 2025 Or 2026, Pension Crisis Will Happen, And It's Going To Be The Biggest Stock Market Crash In The History Of Mankind, It's Going To Make This COVID-19 Pandemic Market Crash Look Like A "Blib In A Puddle".
In The 1930s, People Like John D. Rockefeller Monopolize And Manipulated The Education System, Designed The System To Create More Employees To Work For Them, Make Money For Them -- The 1 Thing They Have Taken Out Is *FINANCIAL EDUCATION* From The Education System. And The Scary Thing Is, The Education System Haven't Changed A Single Bit Since Then.
Edit: For Anyone Who Had Read This Far, I Will Leave You With These 2 Question, After You Have Read This Far:
(1) Are The Modern Education Teaching People To Be "Highly Educated Poor People"?
(2) Do You Still Believe Our "Modern Education" System Are Preparing People For The Real World -- The Real World Of Money?
Not the entrepreneurs that want a fair game
@@maxplaysgamez-sharesgaming1756 but it’s so much easier to complain, and that’s what they do. They claim a moral high ground because that’s all they can do, and look down upon those who truly care about others
Boss: *Slaps me with a wad of cash*
Says “here”
Bezos: -Slaps me with a wad of cash-
Gives me stocks instead.
It's better than cash
You need to make more videos. They are really good.👍
Politicians is how Amazon paid $0 in taxes
Ding ding ding! If what they did was legal how can you blame them? Don't regular working class people look for deductions? If we want to fix the problem we have to fix the laws.
Geoff Moore No. That has never worked. We have to eliminate laws.
@@bubblebreak4160we need to simplify the laws in a way that eliminates complexity in doing taxes and eliminates/reduces many of these BS tax deductions and tax loopholes.
We are fixing the laws not adding more and fixing will probably result in fewer laws that take 6 figure accountants to understand
@@bubblebreak4160 I am not opposed to reducing tax laws at all. But whatever is done it needs to stop favoring the super rich corporations and people.
@GamingTV I doubt Bezos the owner of, blue origin, a SpaceX competitor would invest in SpaceX
4:21 lmao 😂
Just subbed with two accounts. Keep up the great work
Your transitions are golden
I have a question for you. Where are you from, because you name sound a lot like a Bulgarian one. Keep up the great content!
I'm from Bulgaria.
Simeon Kostadinov he’s from the Netherlands I think
Roman Baranovichi if you go to his skillshare page in the description you can see his name. And its very Bulgarian.
@@simeon031 In one of his videos, he mentioned that he studied at the University of Rotterdam in the Netherlands. But he also mentioned that his idea in the competition is to open a "bakery franchise based on traditional Bulgarian pastries" then he praised the Bulgarian pastries so much so maybe he is Bulgarian
Belgium maybe?
Simeon Kostadinov there are Bulgarians in the Netherlands mate
Nice video. The important thing is that it is super innovative and disruptive so it can make use of all these tax breaks. That's why it's a top position in my real money portfolio
Good visuals
Dominos has a really great pizza type where they crust is garlic bread basically.
"My kingdom for a full head of thick silky hair!"
When Amazon build a new Data Center isn't that considered cost of operation? Why would it need to be a tax credit?
"Its surprisingly Dominos pizza" i laughed so hard, dunno it was just hilarious and surprising
How does the R&D reduction, the tax revision and the stock thingie equal 0% tax?
Amazon gets 7% on the R&D, 12.1 billion on the tax revision and 1 billion on the stock thingie. But when i Google Amazon's turnover for 2018 it says 72.4 billion by Q4.
I dont get it.
Your explanation of how stocks are distributed is incredibly misleading and not how that works.
Plaese elaborate
Explain how it works then ..
3:11 right side on his shoulder is that Felix Argyle lol?
good eye brother
@@gilbertfernando7144 lol
Yo this situation is crazy this goes down where companies get to pay no taxes
WoW. I didn't know the fact about Shares and credit tax on it, or tax deduction. Very interesting.
Jeff should slide a couple hundies our way since it’s chump change to him. 😂
Why dont u slip a couple bucks to homeless people. Its only chump change.
@@CommandoMaster I work in construction and do that everyday, as the son of immigrants I understand the plight of poor people.
Can you do the rise of The Walt Disney Company?
bring more of that case studies on recent topics
Hi
very interesting video.
Who wouldn't do this?
My teacher told my class just last week that Amazon paid -$4,000,000 in taxes last year, meaning they got paid $4,000,000. He didn't want to explain everything to a class because it was 7 AM and none of us would probably understand, so he just said it's because they're a huge source of jobs and the government favors companies that provide jobs. Imagine being and getting paid outside of your actual revenue just because you grow your company bigger and need more jobs for that growth.
No 4mil is nothing and its false.
I'll employ 100,000,000 people to pick blades of grass with tweezers at a rate on 2p per blade of grass. How much tax relief would I get?
@@Dr23rippa Probably not much. There's no way you're getting that money people to work for you. If you did, you'd easily be getting $40,000,000 in taxes.
Made the books look like it’s struggling to get more funds
5:45 damn, i have the exact monitor
I like how the video flows , the images movement. Does anyone know how to make it?
So amazon gonna say their research burned XD
Omg the corporation loop hole... small companies r buried even deeper too much costs
What you are not mentioning is that Amazon has to pay FICA taxes on the stock issued as compensation, also state corporate income tax laws are often very different from the rules of the fed.
The only way I could tell you for sure is if you want to get me a copy of the federal tax return filed by Amazon, I would be happy to break down what is really going on.
Also just because an entity doesn’t pay any federal income tax on its profits doesn’t mean that it doesn’t pay any payroll taxes, excise taxes, sales tax, state corporate tax, real property tax, personal property tax, and then of course not including all of the money that it ends up circulating because of its activities and how that affects the overall picture.
I have heard lots of conversations on your topic but I have not heard many that address all of the aspects that I mentioned.
Tax is complex, and there are many different aspects to analyze in order to see the whole picture. Well said.
3:12 hey, it's Felix
How much amazon help the place where employed. 100k salary for worker, how much does the goverment make for each income tax of the worker.
That’s how a person who doesn’t pay taxes legally wants you to think
So I love the fact that you keep hiding Ferris in your videos. 3:12 in this one and 5:41 in your Microsoft videos. I pretty sure he's in your Trump video too(*edit* it's at 4:57 in the Trump video). I think it's hilarious you keep doing this but my question is why Ferris from Re:zero?
Lol never noticed that before, very good eye. Maybe he has a soft spot for traps.
@@Sheikh_SpeareCould also just be an anime fan and likes the character. Either way he's been hiding in the videos for up to a year back so.....
@@Sheikh_Speare who is Ferris?
Do you mean Felix?
@@sjvmsj Character from Re:Zero looks are very deceptive with this character.
Hey, business casual please make a video on the stocks that Warren buffet has invested over the years which you said you will do in your Warren buffet video
In India, there is something called Minimum Alternate Tax for this reason. There is a basic amount of tax that is required to be paid irrespective of the Profit, and it can be deducted later on in the subsequent years' taxes.
Now you just HAVE to do a video on Domino's pizza
Aahh America. Living by the Golden Rule, he who has the Gold makes the rule.
What if every customer would get a special custom code by ordering the product ,then they will basically send the money on his account as a "donation" and write the code to it, and some program would send the code to the system which will decode it into the actual order and then mark it as already paid?
They do NOT create stock out of thin air. They deduct the amount the company owns.
When a company IPO’s, they only release a small portion of the companies shares to the public. The rest is kept by the company.
They actually do print stock. Its called Dilution
Jeff Bezos is actually Yoshi in disguise.
3:11 gay cat in the background behind bezos
Bro you should do videos about the stock market and how it works....I think people would love to see that 😆
This didnt answer the question the video asked. Answering the question is the core idea of an essay like this.
Amazon looks a lot like a bubble considering the stock is going up despite low profits and no buybacks
Stock price is determined by the demand for it. While the demand for the stock should be based on companies performance some other people want companies that have potential to grow, others want companies with stock prices dont fully represent the companies total worth and all kinds of other reasons. Amazon still has growth potential and as long as people feel that way abt it they wont sink. Also amazon not big enough to cause a systemic problem like say if a huge chunk of students defaulted on their loans or america's middle class reduced spending or any big group that spend a lot in the economy and see watch the level panic that would follow. Those kind shit storms u call bubbles.
Amazon doesn't make the rules, they just play the game the best. Don't hate the player......
It's not cheating if the rule maker doesn't see the flaws in the system, and ruins the chances for the other players, right?
@@philthefinadelphian4830 how would it ruin the chances for the other players?
@@philthefinadelphian4830 Are you implying that Amazon creates the US Tax laws?
@@strategystate3636 Big corporations do make the US Tax laws, everyone knows that, the USA legalized corruption and called it Lobbying.
Wow who knew Dominos pizza would dominate the world 😂😂😂
Interesting !!!
I thought they were just going to say "that's how mafia works"
Мега круто, выплачивать зарплату акциями, которые растут в цене. Двойная мотивация работников
Остается научиться покупать пиццу За акции
Am i the only one who read the title as
How amazon pays “SO” taxes?
If this is true: why did amzn pay 1.2B in taxes, net of refunds, on the CONSOLIDATED STATEMENTS OF CASH FLOWS?
If it's LEGAL? Then God bless him! There are millions of low income people that pay zero tax too!
@ganymedeIV4 We're talking income taxes here. Amazon AND many, many of the top 10% pay other taxes that ordinary people never even heard of. The top 1% pay 40% of income tax collected. The top 10% pay 70% of income tax collected. Now in addition to that. Let's compare. You have a stoner, that pays no income tax and rides a subsidized bus to his dealers house. Then you have a winner that pays a high rate of tax. He buys a car, and pays WHAT? Sales tax, tax on insurance, gasoline tax, registration fees, license fees, sales tax on oil change, car wash, etc... That's just his car! Meanwhile, the stoner is living in grandma's basement, and going to the Bernie Sanders rally to fight the "rich" for not paying their fair share!
If the law was moral we wouldn't be living in this shithole we call our planet.
don't be ignorant roger, do you know how and who makes the 'laws'?
I'm amazed! Amazon's worth a trillion now!!!!! (I left this vid for a year in my watch later for my playlist had piled up) wooww
Wow that instant depreciation is crazy.
Loved it
Governments should just make companies pay a minimum amount of tax on profits... of course then maybe the companies just move the money overseas and post losses. It feels a bit like they've given up when it comes to large corporations and the tax employees pay is the only thing they're trying to keep hold of.
They already do that, and switching the tax model wouldn't really help since we're so deadset against avoiding "double taxation." So we say that profits sent overseas get taxes overseas and therefore we don't want to tax them at home. And of course certain countries have a 0% tax rate.. so in our effort to avoid double taxation we allow zero taxation. And then for some reason we also allow those same companies to post their now-offshore money as US income on their SEC filings so that it doesn't hurt their stock price.
I'd like to propose solutions (and I even do once in a while,) but really the complexity of the tax code isn't the problem -- its the intention. The vast, vast majority of people in congress are wealthy people deeply invested in even wealthier corporations, so every new loophole they can invent is another dollar in their own pockets. Make no mistake, fixing the tax code would be (relatively) simple if we wanted to do it. Just write up something new and completely scrap the old one. Done and done. Its the "wanting to do it" part that we continually fail at, because the motivations of generally-wealthy politicians do _not_ really reflect the will of the mostly-not-wealthy population that they're supposed to be representing. Representative democracy worked a lot better when "citizens" were defined as "rich white men." Now that we've expanded the definition to include (almost) everybody, there's a large portion of the population that doesn't really have as much representation as the political rhetoric wants you to believe.
Of course, I don't really have a solution to that either. Opening up to full democracy tends to lead to mob rule since most people don't have the time, patience (or sometimes intelligence) to understand issues deeper than what can be fit in a newspaper headline (or twitter post,) and that also rarely works out too well.
Netflix has greatly outperformed both Domino's and Amazon
Aaaaand as soon as a big scare happens investors start mass selling shares … seems like that strategy is asking for a big bubble to burst IMO.
Yoshi has got some competition!
I hate Amazon. They make it so easy to buy stuff. And I hate stuff.
the are essentially trying to remove all intermediaries by getting you to connect directly to them. Next time you think to yourself that you need stuff, it automatically shows up within an hour.
Trap in background at 3:11
Yeah
So since they pay out employees with shares, does this mean it still counts as income tax or withholding tax?
Everybody start investing in Dominos lol
Why is it morally questionable for Jeff Bezos to avoid paying taxes? I don't pay my taxes because I feel I have a moral obligation to either, I do it because legally I am required to.
I think it is questionable that a corporation as big as Amazon is using all the infrastructure and services and doesnt't give as much back as they could. And I know i am simplifying here but taxes are necessary in our society to work.
First of all Amazon pays taxes, otherwise Jeff Bezos would be arrested for tax evasion. Sure they pay less than they would normally, however the law allows them to do so. Second, even after loopholes Amazon still pays at least hundreds of millions of dollars in taxes.
@@johnnymcjohnson1373 You are right. However hundreds of million is still rather small for a company like Amazon.
Thanks for the lesson but I was responding to the quote in the video at 5:30. "Avoid paying taxes" in this context does not mean paying no taxes all together.
Harjeevan Kalra That is incorrect. Amazon paid $0 in Federal taxes. However they paid payroll taxes, state taxes, and every Amazon employee also pays income tax. The reason Amazon as a company doesn’t have to pay so much in taxes is that they use a lot of their money to reinvest into the company; new warehouses, more employees, etc. which they can then write off as business expenses and get tax reductions
# Yang gang.
Where do you get your data for research on this topic
From people who read financial statement so can you too, it's a public company all their dirty laundry is a google click away.
This paying in shares works, until the floor falls out like it did for Enron and then those employees are left with a worthless share.
When your accounting department is the equivalent of the fictional, House M.D diagnostic team.
How to be a very big company such as Apple or Amazon.
Step 1: Avoid taxes and pay politicians not to fix the loophole you use
Step 2: ???
Step 3: Profit
FACT CHECK: Amazon paid $1.2 billion in taxes last year and invested $160 billion in the United States since 2011 and has more than 500,000 U.S employees getting paid more than $15/hour. Amazon does not currently pay income taxes because of rebates which are temporary but they pay every other tax.
Do u think u could have made amazon as successful as it is?
Waiting on you and company man to collab
The transition to skillshare.perfect
Bezos is a creep. Looks like a movie villain
If I owned a company as big as Amazon, I would do the same thing, and you would too. There is a simple fix. Decrease the tax code to a single page with a low rate flat tax. Done!
They need to teach this in school!
Tax subsides from states helps a lot