Trump hits Bezos: Amazon doing great damage to tax paying retailers

[MindWars]

Trump Hits Bezos: ‘Amazon Doing Great Damage to Tax-Paying Retailers’
Amazon stock dropped a much as 1.2% in the pre-market, after an early start of the Trump tweets on Wednesday where with his first tweet he attacked the giant online retailer, saying, “Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt – many jobs being lost!”
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But we can be sure msm will put some horror story to Trump saying the facts of the matter oh but of course .
oh well to the sheep truth hurts their only defense deny it all.
https://twitter.com/realDonaldTrump

 

[depotoo]

Bezos is scared of Trump, thus his constant attacking through his publications. He knows he is getting away with billions due to his tax havens.
Amazon dodges $1.5bn US tax bill: It's OK to run sales through Europe out of IRS reach – court
On Thursday, the US Tax Court ruled [PDF] in favor of Amazon, saying it was legal for the internet souk to channel its European sales through a low-tax Luxembourg subsidiary in 2005 and 2006, rather than America. Had it lost, Amazon could have faced a US tax bill as high as $1.5bn, and lower profits for future years. (Uncle Sam wanted the Jeff Bezos-led biz to cough up $234m, but that's now moot.)

Amazon US sold the rights to parts of its technology and the trademark for that technology to its European subsidiaries, for a lump sum plus annual payments. As a result, Amazon Europe operated independently and its revenues were out of reach from the IRS – the US government's tax collectors. Its investigators weren't happy with this arrangement.

This financial operation began in 2004, and was dubbed Project Goldcrest after the national bird of Luxembourg. The European company Amazon set up wasn't a shell company, the judgment states, since it played a significant role in creating new Amazon services in the UK, France, Germany, and Ireland.
Washington Post Owner Jeff Bezos Does Not Believe in Taxes | Tax Justice Blog
Amazon Dodges $1.5 Billion Tax Bill