With Greed and Cynicism, #Big_Tech is Fueling Inequalities in America
▻https://mondaynote.com/with-greed-and-cynicism-big-tech-is-fueling-inequalities-in-america-b836
Let’s put this in perspective. In 2017, Amazon collected $5.6 billion in profit, but paid zero federal taxes, thanks to multiples tax schemes. Even better, since 2008, Amazon paid $1.4 billion in taxes when Walmart paid $64 billion. Not only Amazon does not have enough with an effective tax rate of 11 percent for the last five years, but it wants more from American cities widely known for their crumbling infrastructure. New Jersey is ready to cough up $7 billion in tax advantage (think about it next time you drive west of New York City).
From a pure accounting perspective, this is the equivalent to having taxpayers subsidizing Amazon’s shareholders. Compared to that, the Robber Barons are like Mother Theresa.
En français le sujet est abordé dans cette émission de Arte à partir de la cinquième minute,
Les patrons des #GAFAM : rois du monde ? – Le Topo – Tous les internets – ARTE - YouTube
▻https://www.youtube.com/watch?v=5vBvMnE9cx0