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Started By
Message
re: Don't look now, MAGA has Amazon, Bezos in his cross hairs.
Posted on 3/28/18 at 10:52 am to CorporateTiger
Posted on 3/28/18 at 10:52 am to CorporateTiger
quote:
Josh Sandbulte, a hedge fund manager with a stake in FedEx, wrote a Wall Street Journal op-ed asserting that the Postal Service effectively subsidizes Amazon, losing an average of $1.46 for each shipment it delivers.
From WaPo. Not to mention the president himself and several others.
3
Posted on 3/28/18 at 10:53 am to Yak
I hope it is from a $25 million dollar hedge fund.
Posted on 3/28/18 at 10:53 am to The Pirate King
quote:Told ya
Josh Sandbulte, a hedge fund manager with a stake in FedEx
Posted on 3/28/18 at 10:55 am to The Pirate King
quote:
From WaPo.
You mean WaPo stating the existence of a WSJ Op-Ed?
This post was edited on 3/28/18 at 10:56 am
Posted on 3/28/18 at 10:55 am to Yak
quote:
They are?
I thought Amazon doesnt pay any federal tax
Posted on 3/28/18 at 10:56 am to bamarep
The big issue is state sales tax.
Congress should have fixed this a LONG time ago but didn't want to look pro-tax.
So Amazon could sell something tax free. Now technically the buyer had to report and remit the sales tax owed on that purchase to their state and local revenue department, but that almost never happened.
So that created an unequal playing field between online retailers and brick and mortar stores.
Some of that has been slowly, awkwardly fixed. But really Congress needs to step in and fix the system.
Congress should have fixed this a LONG time ago but didn't want to look pro-tax.
So Amazon could sell something tax free. Now technically the buyer had to report and remit the sales tax owed on that purchase to their state and local revenue department, but that almost never happened.
So that created an unequal playing field between online retailers and brick and mortar stores.
Some of that has been slowly, awkwardly fixed. But really Congress needs to step in and fix the system.
Posted on 3/28/18 at 10:56 am to SDVTiger
Nor did GE or Exxon last year.
Posted on 3/28/18 at 10:57 am to CorporateTiger
Ok. So Bezos doesnt pay any taxes?
Posted on 3/28/18 at 10:57 am to SDVTiger
Wat?
Posted on 3/28/18 at 10:59 am to bamarep
The stock is down 5% today 
Posted on 3/28/18 at 10:59 am to GumboPot
I could write the same article about any big business.
End corporate taxes. Period. Make the tax code simpler.
End corporate taxes. Period. Make the tax code simpler.
Posted on 3/28/18 at 10:59 am to GumboPot
quote:Nothing illegal? Alrighty then.
Here is a long Newsweek article on Amazon's tax breaks and tax paying strategies. Nothing illegal however it does make them anti-competitive because the little guys can't make the same business moves. LINK
Why do you hate capitalism?
Posted on 3/28/18 at 11:00 am to CorporateTiger
What are you confused about
Posted on 3/28/18 at 11:00 am to bamarep
Big stick coming out for the WAPO man....
Posted on 3/28/18 at 11:02 am to SDVTiger
You said Amazon hasn’t paid any federal income tax. I made the point that GE and Exxon were in the same bucket last year. You then spun off into talking about Bezos taxes.
Posted on 3/28/18 at 11:02 am to GumboPot
This thread has revealed lots of hypocrisy by this board related to business and taxation. 
Posted on 3/28/18 at 11:04 am to CorporateTiger
quote:
Ahhh so obviously the answer to crony capitalism is more crony capitalism. Brilliant!
Where did you see that mentioned? I don't see that called out anywhere. It appears to me that Trump plans to remove regulations and breaks that are benefiting amazon and not smaller shops.
Posted on 3/28/18 at 11:05 am to notsince98
quote:Which are?
remove regulations and breaks that are benefiting amazon and not smaller shops.
Posted on 3/28/18 at 11:06 am to Yak
quote:
Why do you hate capitalism?
I hate crony capitalism.
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