The Destructive Power Trips of Amazon's Boss
Date Written: 07/07/2017
Year Published: 2017
Resource Type: Article
Cx Number: CX21020
Pointed criticism of online retailer Amazon and its Boss Jeff Bezos, whose practices include avoiding state taxes, erosion of traditional retail and small business, and undermining the tax base in communities.
Excerpt: Is Bezos laughing at the tax collectors, having avoided paying most states' sales taxes for years on all the billions of books he sold online, thereby giving him an immediate 6 to 9 percent price advantage over brick-and-mortar bookstores, that also paid property taxes to support local schools and public facilities? That, and being an early online bookseller, gave Bezos his crucial foothold, along with other forms of tax avoidance that big companies utilize.