Quote:
Originally Posted by HarryT
Oh yes, I know Amazon post a loss, but that's just creative accountancy - it doesn't mean they're losing money. They don't want to make a profit - they'd have to pay tax on it if they did. Making a loss is good: no tax. My accountant always seems to figure out a way for my business to make a loss  . |
Obviously, the only way to know is to look at Amazon's books, something that I doubt Amazon will make public. The other way of looking at it is that Amazon has painted themselves in a corner with their over head costs. I'm sure that they are having to eat a lot of cost with the free 2nd day shipping for prime customers. I'm pretty sure that they still have to pay taxes on the value of what is in their warehouses each year.