I’ve been saying this for years. It’s not Just Amazon, but it is most prevalent in tech as I see it, simply because other businesses have more consumables on-top of staffing and fixed-assets.
What I can’t work out is how it’s not illegal from a tax perspective. If Businesses run at long-term losses, or artificially lower profit, at some point doesn’t it become not just unsustainable but plain evil?
If I was domiciled in the US and tried to sell a property for $1 to avoid taxes I’d be in some serious trouble. It seems there is nothing stopping people selling a property for bitcoin (worth less than nothing IMO) which I don’t think is taxed. Why shouldn’t this apply to tech and general business?