"The rules on making multinationals pay taxes where they operate - known as "pil... | Hacker News

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		antattack on June 5, 2021 \| parent \| context \| favorite \| on: G7: Rich nations back deal to tax multinationals "The rules on making multinationals pay taxes where they operate - known as "pillar one" of the agreement - would apply to global companies with at least a 10% profit margin. " Tying tax rate to profit margin sounds like a loophole. For example - Hollywood Accounting[1] [1]https://en.wikipedia.org/wiki/Hollywood_accounting

unreal37 on June 5, 2021 [–]

Amazon ran at almost 0 profit for years, but then they ran out of ways to make the money disappear.

Still, this would catch them.

bpodgursky on June 5, 2021 | [–]

In 2020 Amazon had revenue of $386 billion and profit of $21.33 billion, so no it would not. That's far under 10% (as expected for a retail seller).

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