Not just 2018, but Bezos‘ Amazon has paid almost $0 in federal taxes EVERY year. So higher tax rates won’t bother him, he’ll just evade them like he always does.
This is how the Swamp works. Swampy accountants & audit firms suggest loopholes through lobbyists.
Then make tons of money helping clients exploit those loopholes so that oligarchs pay less in taxes then the small businesses they compete with.
I guess for April Fools Day the @nytimes will publish a real news story today!
IRS caught Big Pharma company Bristol Myers dodging $1.4B by assigning patents to it's Ireland office. A common tactic to pay royalties on it's products into a low tax nation. #ButNothingsHappening
Multinational corporations buy off Swamp creatures around the world to make loopholes that they can drive billions in profits through to evade taxes.
Relying upon the corruption services industry (accountants, lawyers, & others) to hide the arrangements & defend them if caught.
Ah, now we see why the NY Times cares today. It wants to use it as an excuse to support the infrastructure tax increases. Of course these multinationals will just invent new tax avoidance schemes & small businesses will pay all the taxes just as it is not.
Something smells wrong with the fraud, Tyson & Company1 paid this guy $244M to but & feed cattle from 2016-2020 without them noticing there were no cattle? Really?
The fake cattle were then used to manipulate cattle prices in the markets?
Nothing but a billionaire global Swamp creature flipping on the politicians he was illegally funding in 2019 & DOJ using his cooperation in secret until today!
According to DOJ, he has been providing unique & extremely important cooperation during the 18 months since he confessed his guilt & handed over the #Receipts
Very interesting, the corruption that #DaphneCaruanaGalizia was covering before her murder lead to China & included Chinese oligarchs buying Maltese citizenship to become EU citizens through bribery. #ButNothingsHappening
The shell company used for the kickbacks, Macbridge, was set up by the mother-in-law of a Chinese executive with Accenture one of the largest & allegedly Swampy global consulting firms. It was a spin off from accounting firm Arthur Anderson implicated in the Enron case.
Accenture (formerly Anderson Consulting) has a long history & been in a variety of questionable issues. Facing pressure in the early 2000s for being a US federal contractor incorporated in Bermuda, a well known tax haven. en.wikipedia.org/wiki/Accenture
Zurich's oldest private bank flips on it's customers, pay a $22M fine & confess to helping them evade $16M in US taxes. Agrees to hand over the #receipts & help the US prosecute these American oligarchs.
Rahn & Bodmer admitted to helping 340 US taxpayers evade taxes from 2004-2012 by concealing their identities from US authorities. They had a peak of $391M stashed in the bank to hide it from the IRS.
Looks like they got caught moving assets to shell companies in Panama after assets in Liechtenstein shell companies became exposed to US authority in 2008.
I bet the #PanamaPapers gave them the keys to understanding these shell companies & enabled authorities to track it.
Interesting, a German politician serving in the Bundestag was secretly getting abut $2M a year from a billionaire as 'consulting fees' to his law firm. Payments stopped a few months after he left office but exceeded 12M Euro from 2008-2015. #ButNothingsHappening.