U.S. President Donald Trump has not responded behavior, namely the message: This week it was announced that the Online retail giant Amazon , paid taxes, despite reporting a profit of 11.2 billion dollars in the past year, not a Cent. Better still, Amazon recorded a credit of $ 129 million, bringing the effective tax reached exactly minus 1 percent. Why the President-in-law, is obvious: Amazon is benefiting from loopholes and deductions, which supports the government’s Trump and misguided Attempts to go back to tax, to limit the wages of top executives.
in 2017, Amazon had to deliver to a profit of 5.6 billion dollars is nothing. The had managed no other technology group. Amazon was the state in two highly profitable years, less guilty than the fifth of the poorest Americans carry an average tax burden of 1.5 percent. Also impressive is the long-term control of success: Between 2009 and 2018, the group was about 26.5 billion dollars forward, but he paid only 791 million in back taxes. The tax rate of 3 percent is significantly lower than the official Rate of 35 and 21 per cent after tax relief by 2017.
Without the intense lobbying not to have such gifts, says Matthew Gardner, Institute for Taxation and Economic Policy, the tax burden of the 500 largest U.S. companies to evaluate for forty years. Amazon benefit simply from a failure of the policy. “ company to invest huge sums in a System that benefits them. That is why it is so hard to change the defects against the will of those who have the money.” Amazon invested in the past year, 14.4 million dollars into Lobbying, more than Facebook and Apple, and only surpassed by Google.
A botched lively louse of the Clinton Era
The company of Jeff Bezos – the richest man in the world – made a number of deductions and slip take advantage of holes, the President, Trump has not been abolished, contrary to his promise for a higher tax justice. While Amazon played a determination from the Era of President Bill Clinton, particularly in the hands.
And it works like this: the US government taxed the profits of enterprises with a fixed rate of 21 percent. Profits but are transferred to the squad in the Form of bonuses, are tax-free. With one exception: wages over a Million dollars be taxed, and to prevent the 1993 proclaimed intention of excessive Manager salaries.
This target has been spectacularly missed. Not only the excesses, and made the US one of the countries with the greatest disparity between the compensation of the Manager and those for employees. The provision to the beneficiary of this Trend even more, because companies begun to work on the largest part of the Topgehälter as stock options to align. And this Form of payment may be deducted from the company profit. The result is that The faster the stock price rises, the greater the options and the greater the deduction from the profit. Although today it is clear that at the time target was missed, the government held the Trump.
12.6 billion dollars in sales to 30 million dollars in taxes
Amazon Would have paid in the past year, instead of options higher wages in cash, so the group would have to deliver the state more than a billion dollars. The tax rate would be located at less than 10 percent, not very far away from Apple (14 percent) or Google (12.3 percent).
even More than Amazon, Facebook benefited from the loophole with the stock options. Between 2010 and 2017 division the company charges according to the Institute for Taxation and Economic Policy 7.9 billion dollars in Profit and lowered the tax rate to less than half the official Rate. In addition, business leaders, Mark Zuckerberg had moved to the copyrights of the platforms to Ireland, as had previously done Google and Apple. Also it was financially a full success: The group paid in 2016, in Ireland, for a profit of 12.6 billion dollars, only 30 million dollars in taxes.
last year Alone, the taxes decreased by 31 percent
Also, the streaming service Netflix handled in the past year in the United States, all income taxes, even though he had made a profit of $ 845 million. This revelation by the Institute for Taxation and Economic Policy miss fell to the group in such a way that he demanded the withdrawal of the relevant reports and claimed to have $ 131 million of taxes paid. Research showed, however, that this sum was for the foreign taxes paid, and Netflix in the United States was, in fact, remained tax-free.
The tax cuts the government Trump is not sufficient time for the company, as experience shows. Between 2008 and 2015, the 500 largest U.S. companies paid a profit tax of an average of 21.2 percent. A hundred of them, reduced the stress in at least a profitable year, even to zero or below zero. It is now clear that the state must reckon with the greatly lowered income taxes. First indications are that these have declined in the past year to 31 percent – the largest setback since the economic crisis of 2009.
(Sunday newspaper)
Created: 23.02.2019, 20:40 PM
