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Amazon Will Be Covered If International Tax Deal Ever Becomes Law

zerohedge2021-06-08

Amazon shares tumbled to their lowest levels of the session on Monday amid reports that Amazon would be included in a G-7 deal cemented over the weekend to retool the minimum corporate tax in some of ...

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steven_tohhl
·2021-06-08
Amazon expensive but reliable stock. Give a like and comment
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- steven_tohhl:
  yeah
  2021-06-08
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- RladPdnjs:
  Agreed
  2021-06-08
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Ktkw
·2021-06-08
Yuppp
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Wanzura
·2021-06-08
Excellent
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mantis
·2021-06-08
That’s good
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Louis7779
·2021-06-08
wow
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Deonc
·2021-06-08
Oh no
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Give a like and comment","listText":"Amazon expensive but reliable stock. Give a like and comment","text":"Amazon expensive but reliable stock. Give a like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/117669799","repostId":1145769660,"repostType":4,"repost":{"id":"1145769660","kind":"news","pubTimestamp":1623136668,"share":"https://www.laohu8.com/m/news/1145769660?lang=&edition=full","pubTime":"2021-06-08 15:17","market":"us","language":"en","title":"Amazon Will Be Covered If International Tax Deal Ever Becomes Law","url":"https://stock-news.laohu8.com/highlight/detail?id=1145769660","media":"zerohedge","summary":"Amazon shares tumbled to their lowest levels of the session on Monday amid reports that Amazon would","content":"<p>Amazon shares tumbled to their lowest levels of the session on Monday amid reports that Amazon would be included in a G-7 deal cemented over the weekend to retool the minimum corporate tax in some of the world's wealthiest nations (though a US-led movement to force the proposal down the throats of reluctant Ireland, Singapore and other low-tax nations remains very much in doubt).</p>\n<p><img src=\"https://static.tigerbbs.com/63ea33bdf16208237c06f5d7aa72b8f2\" tg-width=\"500\" tg-height=\"324\" referrerpolicy=\"no-referrer\">As we learned over the weekend via a communique from G-7 ministers, a pillar of the deal envisaged that the tax would apply on \"profit exceeding a 10% margin for the largest and most profitable multinational enterprises.\" Thanks to Amazon's low-margin e-commerce business, the firm doesn't technically meet that cutoff, asthe Guardianpointed out in a story published earlier today that quoted a bevy of experts who warned that Amazon might be excluded from the new tax regime if some special arrangement weren't included.</p>\n<blockquote>\n Amazon is one of the largest businesses in the world, with a market value of $1.6tn (£1.1tn) and sales of $386bn in 2020. A Luxembourg subsidiary paid zero corporation tax in 2020 on sales income from across Europe of €44bn (£38bn), making Amazon a prominent target for politicians campaigning for changes to the global tax system.However, its profit margin in 2020 was only 6.3%. It runs its online retail business at very low profit margins, partly because it reinvests heavily, and partly to gain market share.\n</blockquote>\n<p>Of course, with the Democrats in the driver's seat, it's hard to imagine that Bernie Sanders or Elizabeth Warren would allow Amazon, a common target for their populist attacks, to escape the greatest international corporate tax overhaul in 100 years. As Richard Murphy, visiting professor of accounting at the Sheffield University management school, argued to the Guardian, the 10% profits threshold was \"inappropriate\" because of different business models for different companies. He added that current approaches to reporting profits in each country were \"easily gamed.\" \"This could turn out to be a false hope unless they get the detail right,\" he said.</p>\n<p>On Monday afternoon,Bloomberg published a reportciting two anonymous sources close to the talks that Amazon will be subject to new taxes under the deal, though BBG added that the \"particulars\" of how this will be accomplished are still being discussed.</p>\n<p>But from where things currently stand, it looks like &nbsp;negotiators are working on a mechanism that will hive off Amazon's more-profitable businesses (like its AWS cloud computing business) rather than the whole company, whose margins are weighed down by heavy investment and thin margins from its e-commerce and Prime services.</p>\n<p>The company's shares dropped on the news:</p>\n<p><img src=\"https://static.tigerbbs.com/6513fc08a7afd811c73f8827d56bb650\" tg-width=\"500\" tg-height=\"294\" referrerpolicy=\"no-referrer\">As for whether the deal will ever become international law, well,that remains to be seen.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Will Be Covered If International Tax Deal Ever Becomes Law</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Will Be Covered If International Tax Deal Ever Becomes Law\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 15:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/economics/amazon-will-be-covered-if-international-tax-deal-ever-becomes-law><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon shares tumbled to their lowest levels of the session on Monday amid reports that Amazon would be included in a G-7 deal cemented over the weekend to retool the minimum corporate tax in some of ...</p>\n\n<a href=\"https://www.zerohedge.com/economics/amazon-will-be-covered-if-international-tax-deal-ever-becomes-law\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.zerohedge.com/economics/amazon-will-be-covered-if-international-tax-deal-ever-becomes-law","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145769660","content_text":"Amazon shares tumbled to their lowest levels of the session on Monday amid reports that Amazon would be included in a G-7 deal cemented over the weekend to retool the minimum corporate tax in some of the world's wealthiest nations (though a US-led movement to force the proposal down the throats of reluctant Ireland, Singapore and other low-tax nations remains very much in doubt).\nAs we learned over the weekend via a communique from G-7 ministers, a pillar of the deal envisaged that the tax would apply on \"profit exceeding a 10% margin for the largest and most profitable multinational enterprises.\" Thanks to Amazon's low-margin e-commerce business, the firm doesn't technically meet that cutoff, asthe Guardianpointed out in a story published earlier today that quoted a bevy of experts who warned that Amazon might be excluded from the new tax regime if some special arrangement weren't included.\n\n Amazon is one of the largest businesses in the world, with a market value of $1.6tn (£1.1tn) and sales of $386bn in 2020. A Luxembourg subsidiary paid zero corporation tax in 2020 on sales income from across Europe of €44bn (£38bn), making Amazon a prominent target for politicians campaigning for changes to the global tax system.However, its profit margin in 2020 was only 6.3%. It runs its online retail business at very low profit margins, partly because it reinvests heavily, and partly to gain market share.\n\nOf course, with the Democrats in the driver's seat, it's hard to imagine that Bernie Sanders or Elizabeth Warren would allow Amazon, a common target for their populist attacks, to escape the greatest international corporate tax overhaul in 100 years. As Richard Murphy, visiting professor of accounting at the Sheffield University management school, argued to the Guardian, the 10% profits threshold was \"inappropriate\" because of different business models for different companies. He added that current approaches to reporting profits in each country were \"easily gamed.\" \"This could turn out to be a false hope unless they get the detail right,\" he said.\nOn Monday afternoon,Bloomberg published a reportciting two anonymous sources close to the talks that Amazon will be subject to new taxes under the deal, though BBG added that the \"particulars\" of how this will be accomplished are still being discussed.\nBut from where things currently stand, it looks like  negotiators are working on a mechanism that will hive off Amazon's more-profitable businesses (like its AWS cloud computing business) rather than the whole company, whose margins are weighed down by heavy investment and thin margins from its e-commerce and Prime services.\nThe company's shares dropped on the news:\nAs for whether the deal will ever become international law, well,that remains to be seen.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4630430,"gmtCreate":1623138624491,"gmtModify":1635332380293,"authorId":3581623655917850,"author":{"id":3581623655917850,"idStr":"3581623655917850","authorId":3581623655917850,"name":"steven_tohhl","avatar":"https://static.tigerbbs.com/d8aa0a1a1a330f5dba66a57003463e6c","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117669799,"type":1,"supId":0,"prevId":0,"content":"<u>yeah</u>","text":"<u>yeah</u>","html":"<u>yeah</u>"},{"id":4630607,"gmtCreate":1623139642885,"gmtModify":1635332363519,"authorId":3583718308045678,"author":{"id":3583718308045678,"idStr":"3583718308045678","authorId":3583718308045678,"name":"RladPdnjs","avatar":"https://static.tigerbbs.com/0b245debbf7b2de28ff815ff679d9136","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117669799,"type":1,"supId":0,"prevId":0,"content":"Agreed","text":"Agreed","html":"Agreed"}],"langContent":"EN"},{"id":117688131,"gmtCreate":1623138037723,"gmtModify":1634036552111,"author":{"id":"3564917665277560","authorId":"3564917665277560","name":"Ktkw","avatar":"https://static.tigerbbs.com/c3b319f06c5f5672546acc9d6f02dec1","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3564917665277560","authorIdStr":"3564917665277560"},"htmlText":"Yuppp","listText":"Yuppp","text":"Yuppp","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/117688131","repostId":1145769660,"repostType":2,"repost":{"id":"1145769660","kind":"news","pubTimestamp":1623136668,"share":"https://www.laohu8.com/m/news/1145769660?lang=&edition=full","pubTime":"2021-06-08 15:17","market":"us","language":"en","title":"Amazon Will Be Covered If International Tax Deal Ever Becomes Law","url":"https://stock-news.laohu8.com/highlight/detail?id=1145769660","media":"zerohedge","summary":"Amazon shares tumbled to their lowest levels of the session on Monday amid reports that Amazon would","content":"<p>Amazon shares tumbled to their lowest levels of the session on Monday amid reports that Amazon would be included in a G-7 deal cemented over the weekend to retool the minimum corporate tax in some of the world's wealthiest nations (though a US-led movement to force the proposal down the throats of reluctant Ireland, Singapore and other low-tax nations remains very much in doubt).</p>\n<p><img src=\"https://static.tigerbbs.com/63ea33bdf16208237c06f5d7aa72b8f2\" tg-width=\"500\" tg-height=\"324\" referrerpolicy=\"no-referrer\">As we learned over the weekend via a communique from G-7 ministers, a pillar of the deal envisaged that the tax would apply on \"profit exceeding a 10% margin for the largest and most profitable multinational enterprises.\" Thanks to Amazon's low-margin e-commerce business, the firm doesn't technically meet that cutoff, asthe Guardianpointed out in a story published earlier today that quoted a bevy of experts who warned that Amazon might be excluded from the new tax regime if some special arrangement weren't included.</p>\n<blockquote>\n Amazon is one of the largest businesses in the world, with a market value of $1.6tn (£1.1tn) and sales of $386bn in 2020. A Luxembourg subsidiary paid zero corporation tax in 2020 on sales income from across Europe of €44bn (£38bn), making Amazon a prominent target for politicians campaigning for changes to the global tax system.However, its profit margin in 2020 was only 6.3%. It runs its online retail business at very low profit margins, partly because it reinvests heavily, and partly to gain market share.\n</blockquote>\n<p>Of course, with the Democrats in the driver's seat, it's hard to imagine that Bernie Sanders or Elizabeth Warren would allow Amazon, a common target for their populist attacks, to escape the greatest international corporate tax overhaul in 100 years. As Richard Murphy, visiting professor of accounting at the Sheffield University management school, argued to the Guardian, the 10% profits threshold was \"inappropriate\" because of different business models for different companies. He added that current approaches to reporting profits in each country were \"easily gamed.\" \"This could turn out to be a false hope unless they get the detail right,\" he said.</p>\n<p>On Monday afternoon,Bloomberg published a reportciting two anonymous sources close to the talks that Amazon will be subject to new taxes under the deal, though BBG added that the \"particulars\" of how this will be accomplished are still being discussed.</p>\n<p>But from where things currently stand, it looks like &nbsp;negotiators are working on a mechanism that will hive off Amazon's more-profitable businesses (like its AWS cloud computing business) rather than the whole company, whose margins are weighed down by heavy investment and thin margins from its e-commerce and Prime services.</p>\n<p>The company's shares dropped on the news:</p>\n<p><img src=\"https://static.tigerbbs.com/6513fc08a7afd811c73f8827d56bb650\" tg-width=\"500\" tg-height=\"294\" referrerpolicy=\"no-referrer\">As for whether the deal will ever become international law, well,that remains to be seen.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Will Be Covered If International Tax Deal Ever Becomes Law</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Will Be Covered If International Tax Deal Ever Becomes Law\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 15:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/economics/amazon-will-be-covered-if-international-tax-deal-ever-becomes-law><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon shares tumbled to their lowest levels of the session on Monday amid reports that Amazon would be included in a G-7 deal cemented over the weekend to retool the minimum corporate tax in some of ...</p>\n\n<a href=\"https://www.zerohedge.com/economics/amazon-will-be-covered-if-international-tax-deal-ever-becomes-law\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.zerohedge.com/economics/amazon-will-be-covered-if-international-tax-deal-ever-becomes-law","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145769660","content_text":"Amazon shares tumbled to their lowest levels of the session on Monday amid reports that Amazon would be included in a G-7 deal cemented over the weekend to retool the minimum corporate tax in some of the world's wealthiest nations (though a US-led movement to force the proposal down the throats of reluctant Ireland, Singapore and other low-tax nations remains very much in doubt).\nAs we learned over the weekend via a communique from G-7 ministers, a pillar of the deal envisaged that the tax would apply on \"profit exceeding a 10% margin for the largest and most profitable multinational enterprises.\" Thanks to Amazon's low-margin e-commerce business, the firm doesn't technically meet that cutoff, asthe Guardianpointed out in a story published earlier today that quoted a bevy of experts who warned that Amazon might be excluded from the new tax regime if some special arrangement weren't included.\n\n Amazon is one of the largest businesses in the world, with a market value of $1.6tn (£1.1tn) and sales of $386bn in 2020. A Luxembourg subsidiary paid zero corporation tax in 2020 on sales income from across Europe of €44bn (£38bn), making Amazon a prominent target for politicians campaigning for changes to the global tax system.However, its profit margin in 2020 was only 6.3%. It runs its online retail business at very low profit margins, partly because it reinvests heavily, and partly to gain market share.\n\nOf course, with the Democrats in the driver's seat, it's hard to imagine that Bernie Sanders or Elizabeth Warren would allow Amazon, a common target for their populist attacks, to escape the greatest international corporate tax overhaul in 100 years. As Richard Murphy, visiting professor of accounting at the Sheffield University management school, argued to the Guardian, the 10% profits threshold was \"inappropriate\" because of different business models for different companies. He added that current approaches to reporting profits in each country were \"easily gamed.\" \"This could turn out to be a false hope unless they get the detail right,\" he said.\nOn Monday afternoon,Bloomberg published a reportciting two anonymous sources close to the talks that Amazon will be subject to new taxes under the deal, though BBG added that the \"particulars\" of how this will be accomplished are still being discussed.\nBut from where things currently stand, it looks like  negotiators are working on a mechanism that will hive off Amazon's more-profitable businesses (like its AWS cloud computing business) rather than the whole company, whose margins are weighed down by heavy investment and thin margins from its e-commerce and Prime services.\nThe company's shares dropped on the news:\nAs for whether the deal will ever become international law, well,that remains to be seen.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":117683697,"gmtCreate":1623137822019,"gmtModify":1634036553534,"author":{"id":"3586214007569715","authorId":"3586214007569715","name":"Wanzura","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3586214007569715","authorIdStr":"3586214007569715"},"htmlText":"Excellent","listText":"Excellent","text":"Excellent","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/117683697","repostId":1145769660,"repostType":4,"repost":{"id":"1145769660","kind":"news","pubTimestamp":1623136668,"share":"https://www.laohu8.com/m/news/1145769660?lang=&edition=full","pubTime":"2021-06-08 15:17","market":"us","language":"en","title":"Amazon Will Be Covered If International Tax Deal Ever Becomes Law","url":"https://stock-news.laohu8.com/highlight/detail?id=1145769660","media":"zerohedge","summary":"Amazon shares tumbled to their lowest levels of the session on Monday amid reports that Amazon would","content":"<p>Amazon shares tumbled to their lowest levels of the session on Monday amid reports that Amazon would be included in a G-7 deal cemented over the weekend to retool the minimum corporate tax in some of the world's wealthiest nations (though a US-led movement to force the proposal down the throats of reluctant Ireland, Singapore and other low-tax nations remains very much in doubt).</p>\n<p><img src=\"https://static.tigerbbs.com/63ea33bdf16208237c06f5d7aa72b8f2\" tg-width=\"500\" tg-height=\"324\" referrerpolicy=\"no-referrer\">As we learned over the weekend via a communique from G-7 ministers, a pillar of the deal envisaged that the tax would apply on \"profit exceeding a 10% margin for the largest and most profitable multinational enterprises.\" Thanks to Amazon's low-margin e-commerce business, the firm doesn't technically meet that cutoff, asthe Guardianpointed out in a story published earlier today that quoted a bevy of experts who warned that Amazon might be excluded from the new tax regime if some special arrangement weren't included.</p>\n<blockquote>\n Amazon is one of the largest businesses in the world, with a market value of $1.6tn (£1.1tn) and sales of $386bn in 2020. A Luxembourg subsidiary paid zero corporation tax in 2020 on sales income from across Europe of €44bn (£38bn), making Amazon a prominent target for politicians campaigning for changes to the global tax system.However, its profit margin in 2020 was only 6.3%. It runs its online retail business at very low profit margins, partly because it reinvests heavily, and partly to gain market share.\n</blockquote>\n<p>Of course, with the Democrats in the driver's seat, it's hard to imagine that Bernie Sanders or Elizabeth Warren would allow Amazon, a common target for their populist attacks, to escape the greatest international corporate tax overhaul in 100 years. As Richard Murphy, visiting professor of accounting at the Sheffield University management school, argued to the Guardian, the 10% profits threshold was \"inappropriate\" because of different business models for different companies. He added that current approaches to reporting profits in each country were \"easily gamed.\" \"This could turn out to be a false hope unless they get the detail right,\" he said.</p>\n<p>On Monday afternoon,Bloomberg published a reportciting two anonymous sources close to the talks that Amazon will be subject to new taxes under the deal, though BBG added that the \"particulars\" of how this will be accomplished are still being discussed.</p>\n<p>But from where things currently stand, it looks like &nbsp;negotiators are working on a mechanism that will hive off Amazon's more-profitable businesses (like its AWS cloud computing business) rather than the whole company, whose margins are weighed down by heavy investment and thin margins from its e-commerce and Prime services.</p>\n<p>The company's shares dropped on the news:</p>\n<p><img src=\"https://static.tigerbbs.com/6513fc08a7afd811c73f8827d56bb650\" tg-width=\"500\" tg-height=\"294\" referrerpolicy=\"no-referrer\">As for whether the deal will ever become international law, well,that remains to be seen.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Will Be Covered If International Tax Deal Ever Becomes Law</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Will Be Covered If International Tax Deal Ever Becomes Law\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 15:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/economics/amazon-will-be-covered-if-international-tax-deal-ever-becomes-law><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon shares tumbled to their lowest levels of the session on Monday amid reports that Amazon would be included in a G-7 deal cemented over the weekend to retool the minimum corporate tax in some of ...</p>\n\n<a href=\"https://www.zerohedge.com/economics/amazon-will-be-covered-if-international-tax-deal-ever-becomes-law\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.zerohedge.com/economics/amazon-will-be-covered-if-international-tax-deal-ever-becomes-law","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145769660","content_text":"Amazon shares tumbled to their lowest levels of the session on Monday amid reports that Amazon would be included in a G-7 deal cemented over the weekend to retool the minimum corporate tax in some of the world's wealthiest nations (though a US-led movement to force the proposal down the throats of reluctant Ireland, Singapore and other low-tax nations remains very much in doubt).\nAs we learned over the weekend via a communique from G-7 ministers, a pillar of the deal envisaged that the tax would apply on \"profit exceeding a 10% margin for the largest and most profitable multinational enterprises.\" Thanks to Amazon's low-margin e-commerce business, the firm doesn't technically meet that cutoff, asthe Guardianpointed out in a story published earlier today that quoted a bevy of experts who warned that Amazon might be excluded from the new tax regime if some special arrangement weren't included.\n\n Amazon is one of the largest businesses in the world, with a market value of $1.6tn (£1.1tn) and sales of $386bn in 2020. A Luxembourg subsidiary paid zero corporation tax in 2020 on sales income from across Europe of €44bn (£38bn), making Amazon a prominent target for politicians campaigning for changes to the global tax system.However, its profit margin in 2020 was only 6.3%. It runs its online retail business at very low profit margins, partly because it reinvests heavily, and partly to gain market share.\n\nOf course, with the Democrats in the driver's seat, it's hard to imagine that Bernie Sanders or Elizabeth Warren would allow Amazon, a common target for their populist attacks, to escape the greatest international corporate tax overhaul in 100 years. As Richard Murphy, visiting professor of accounting at the Sheffield University management school, argued to the Guardian, the 10% profits threshold was \"inappropriate\" because of different business models for different companies. He added that current approaches to reporting profits in each country were \"easily gamed.\" \"This could turn out to be a false hope unless they get the detail right,\" he said.\nOn Monday afternoon,Bloomberg published a reportciting two anonymous sources close to the talks that Amazon will be subject to new taxes under the deal, though BBG added that the \"particulars\" of how this will be accomplished are still being discussed.\nBut from where things currently stand, it looks like  negotiators are working on a mechanism that will hive off Amazon's more-profitable businesses (like its AWS cloud computing business) rather than the whole company, whose margins are weighed down by heavy investment and thin margins from its e-commerce and Prime services.\nThe company's shares dropped on the news:\nAs for whether the deal will ever become international law, well,that remains to be seen.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":117683024,"gmtCreate":1623137801168,"gmtModify":1634036553899,"author":{"id":"3586071331856012","authorId":"3586071331856012","name":"mantis","avatar":"https://static.tigerbbs.com/d927d637d7d9327bda7d6e8cadc999c4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586071331856012","authorIdStr":"3586071331856012"},"htmlText":"That’s good","listText":"That’s good","text":"That’s good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/117683024","repostId":1145769660,"repostType":4,"repost":{"id":"1145769660","kind":"news","pubTimestamp":1623136668,"share":"https://www.laohu8.com/m/news/1145769660?lang=&edition=full","pubTime":"2021-06-08 15:17","market":"us","language":"en","title":"Amazon Will Be Covered If International Tax Deal Ever Becomes Law","url":"https://stock-news.laohu8.com/highlight/detail?id=1145769660","media":"zerohedge","summary":"Amazon shares tumbled to their lowest levels of the session on Monday amid reports that Amazon would","content":"<p>Amazon shares tumbled to their lowest levels of the session on Monday amid reports that Amazon would be included in a G-7 deal cemented over the weekend to retool the minimum corporate tax in some of the world's wealthiest nations (though a US-led movement to force the proposal down the throats of reluctant Ireland, Singapore and other low-tax nations remains very much in doubt).</p>\n<p><img src=\"https://static.tigerbbs.com/63ea33bdf16208237c06f5d7aa72b8f2\" tg-width=\"500\" tg-height=\"324\" referrerpolicy=\"no-referrer\">As we learned over the weekend via a communique from G-7 ministers, a pillar of the deal envisaged that the tax would apply on \"profit exceeding a 10% margin for the largest and most profitable multinational enterprises.\" Thanks to Amazon's low-margin e-commerce business, the firm doesn't technically meet that cutoff, asthe Guardianpointed out in a story published earlier today that quoted a bevy of experts who warned that Amazon might be excluded from the new tax regime if some special arrangement weren't included.</p>\n<blockquote>\n Amazon is one of the largest businesses in the world, with a market value of $1.6tn (£1.1tn) and sales of $386bn in 2020. A Luxembourg subsidiary paid zero corporation tax in 2020 on sales income from across Europe of €44bn (£38bn), making Amazon a prominent target for politicians campaigning for changes to the global tax system.However, its profit margin in 2020 was only 6.3%. It runs its online retail business at very low profit margins, partly because it reinvests heavily, and partly to gain market share.\n</blockquote>\n<p>Of course, with the Democrats in the driver's seat, it's hard to imagine that Bernie Sanders or Elizabeth Warren would allow Amazon, a common target for their populist attacks, to escape the greatest international corporate tax overhaul in 100 years. As Richard Murphy, visiting professor of accounting at the Sheffield University management school, argued to the Guardian, the 10% profits threshold was \"inappropriate\" because of different business models for different companies. He added that current approaches to reporting profits in each country were \"easily gamed.\" \"This could turn out to be a false hope unless they get the detail right,\" he said.</p>\n<p>On Monday afternoon,Bloomberg published a reportciting two anonymous sources close to the talks that Amazon will be subject to new taxes under the deal, though BBG added that the \"particulars\" of how this will be accomplished are still being discussed.</p>\n<p>But from where things currently stand, it looks like &nbsp;negotiators are working on a mechanism that will hive off Amazon's more-profitable businesses (like its AWS cloud computing business) rather than the whole company, whose margins are weighed down by heavy investment and thin margins from its e-commerce and Prime services.</p>\n<p>The company's shares dropped on the news:</p>\n<p><img src=\"https://static.tigerbbs.com/6513fc08a7afd811c73f8827d56bb650\" tg-width=\"500\" tg-height=\"294\" referrerpolicy=\"no-referrer\">As for whether the deal will ever become international law, well,that remains to be seen.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Will Be Covered If International Tax Deal Ever Becomes Law</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Will Be Covered If International Tax Deal Ever Becomes Law\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 15:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/economics/amazon-will-be-covered-if-international-tax-deal-ever-becomes-law><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon shares tumbled to their lowest levels of the session on Monday amid reports that Amazon would be included in a G-7 deal cemented over the weekend to retool the minimum corporate tax in some of ...</p>\n\n<a href=\"https://www.zerohedge.com/economics/amazon-will-be-covered-if-international-tax-deal-ever-becomes-law\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.zerohedge.com/economics/amazon-will-be-covered-if-international-tax-deal-ever-becomes-law","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145769660","content_text":"Amazon shares tumbled to their lowest levels of the session on Monday amid reports that Amazon would be included in a G-7 deal cemented over the weekend to retool the minimum corporate tax in some of the world's wealthiest nations (though a US-led movement to force the proposal down the throats of reluctant Ireland, Singapore and other low-tax nations remains very much in doubt).\nAs we learned over the weekend via a communique from G-7 ministers, a pillar of the deal envisaged that the tax would apply on \"profit exceeding a 10% margin for the largest and most profitable multinational enterprises.\" Thanks to Amazon's low-margin e-commerce business, the firm doesn't technically meet that cutoff, asthe Guardianpointed out in a story published earlier today that quoted a bevy of experts who warned that Amazon might be excluded from the new tax regime if some special arrangement weren't included.\n\n Amazon is one of the largest businesses in the world, with a market value of $1.6tn (£1.1tn) and sales of $386bn in 2020. A Luxembourg subsidiary paid zero corporation tax in 2020 on sales income from across Europe of €44bn (£38bn), making Amazon a prominent target for politicians campaigning for changes to the global tax system.However, its profit margin in 2020 was only 6.3%. It runs its online retail business at very low profit margins, partly because it reinvests heavily, and partly to gain market share.\n\nOf course, with the Democrats in the driver's seat, it's hard to imagine that Bernie Sanders or Elizabeth Warren would allow Amazon, a common target for their populist attacks, to escape the greatest international corporate tax overhaul in 100 years. As Richard Murphy, visiting professor of accounting at the Sheffield University management school, argued to the Guardian, the 10% profits threshold was \"inappropriate\" because of different business models for different companies. He added that current approaches to reporting profits in each country were \"easily gamed.\" \"This could turn out to be a false hope unless they get the detail right,\" he said.\nOn Monday afternoon,Bloomberg published a reportciting two anonymous sources close to the talks that Amazon will be subject to new taxes under the deal, though BBG added that the \"particulars\" of how this will be accomplished are still being discussed.\nBut from where things currently stand, it looks like  negotiators are working on a mechanism that will hive off Amazon's more-profitable businesses (like its AWS cloud computing business) rather than the whole company, whose margins are weighed down by heavy investment and thin margins from its e-commerce and Prime services.\nThe company's shares dropped on the news:\nAs for whether the deal will ever become international law, well,that remains to be seen.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":117617098,"gmtCreate":1623137562214,"gmtModify":1634036555966,"author":{"id":"3579095725705542","authorId":"3579095725705542","name":"Louis7779","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579095725705542","authorIdStr":"3579095725705542"},"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/117617098","repostId":1145769660,"repostType":4,"repost":{"id":"1145769660","kind":"news","pubTimestamp":1623136668,"share":"https://www.laohu8.com/m/news/1145769660?lang=&edition=full","pubTime":"2021-06-08 15:17","market":"us","language":"en","title":"Amazon Will Be Covered If International Tax Deal Ever Becomes Law","url":"https://stock-news.laohu8.com/highlight/detail?id=1145769660","media":"zerohedge","summary":"Amazon shares tumbled to their lowest levels of the session on Monday amid reports that Amazon would","content":"<p>Amazon shares tumbled to their lowest levels of the session on Monday amid reports that Amazon would be included in a G-7 deal cemented over the weekend to retool the minimum corporate tax in some of the world's wealthiest nations (though a US-led movement to force the proposal down the throats of reluctant Ireland, Singapore and other low-tax nations remains very much in doubt).</p>\n<p><img src=\"https://static.tigerbbs.com/63ea33bdf16208237c06f5d7aa72b8f2\" tg-width=\"500\" tg-height=\"324\" referrerpolicy=\"no-referrer\">As we learned over the weekend via a communique from G-7 ministers, a pillar of the deal envisaged that the tax would apply on \"profit exceeding a 10% margin for the largest and most profitable multinational enterprises.\" Thanks to Amazon's low-margin e-commerce business, the firm doesn't technically meet that cutoff, asthe Guardianpointed out in a story published earlier today that quoted a bevy of experts who warned that Amazon might be excluded from the new tax regime if some special arrangement weren't included.</p>\n<blockquote>\n Amazon is one of the largest businesses in the world, with a market value of $1.6tn (£1.1tn) and sales of $386bn in 2020. A Luxembourg subsidiary paid zero corporation tax in 2020 on sales income from across Europe of €44bn (£38bn), making Amazon a prominent target for politicians campaigning for changes to the global tax system.However, its profit margin in 2020 was only 6.3%. It runs its online retail business at very low profit margins, partly because it reinvests heavily, and partly to gain market share.\n</blockquote>\n<p>Of course, with the Democrats in the driver's seat, it's hard to imagine that Bernie Sanders or Elizabeth Warren would allow Amazon, a common target for their populist attacks, to escape the greatest international corporate tax overhaul in 100 years. As Richard Murphy, visiting professor of accounting at the Sheffield University management school, argued to the Guardian, the 10% profits threshold was \"inappropriate\" because of different business models for different companies. He added that current approaches to reporting profits in each country were \"easily gamed.\" \"This could turn out to be a false hope unless they get the detail right,\" he said.</p>\n<p>On Monday afternoon,Bloomberg published a reportciting two anonymous sources close to the talks that Amazon will be subject to new taxes under the deal, though BBG added that the \"particulars\" of how this will be accomplished are still being discussed.</p>\n<p>But from where things currently stand, it looks like &nbsp;negotiators are working on a mechanism that will hive off Amazon's more-profitable businesses (like its AWS cloud computing business) rather than the whole company, whose margins are weighed down by heavy investment and thin margins from its e-commerce and Prime services.</p>\n<p>The company's shares dropped on the news:</p>\n<p><img src=\"https://static.tigerbbs.com/6513fc08a7afd811c73f8827d56bb650\" tg-width=\"500\" tg-height=\"294\" referrerpolicy=\"no-referrer\">As for whether the deal will ever become international law, well,that remains to be seen.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Will Be Covered If International Tax Deal Ever Becomes Law</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Will Be Covered If International Tax Deal Ever Becomes Law\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 15:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/economics/amazon-will-be-covered-if-international-tax-deal-ever-becomes-law><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon shares tumbled to their lowest levels of the session on Monday amid reports that Amazon would be included in a G-7 deal cemented over the weekend to retool the minimum corporate tax in some of ...</p>\n\n<a href=\"https://www.zerohedge.com/economics/amazon-will-be-covered-if-international-tax-deal-ever-becomes-law\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.zerohedge.com/economics/amazon-will-be-covered-if-international-tax-deal-ever-becomes-law","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145769660","content_text":"Amazon shares tumbled to their lowest levels of the session on Monday amid reports that Amazon would be included in a G-7 deal cemented over the weekend to retool the minimum corporate tax in some of the world's wealthiest nations (though a US-led movement to force the proposal down the throats of reluctant Ireland, Singapore and other low-tax nations remains very much in doubt).\nAs we learned over the weekend via a communique from G-7 ministers, a pillar of the deal envisaged that the tax would apply on \"profit exceeding a 10% margin for the largest and most profitable multinational enterprises.\" Thanks to Amazon's low-margin e-commerce business, the firm doesn't technically meet that cutoff, asthe Guardianpointed out in a story published earlier today that quoted a bevy of experts who warned that Amazon might be excluded from the new tax regime if some special arrangement weren't included.\n\n Amazon is one of the largest businesses in the world, with a market value of $1.6tn (£1.1tn) and sales of $386bn in 2020. A Luxembourg subsidiary paid zero corporation tax in 2020 on sales income from across Europe of €44bn (£38bn), making Amazon a prominent target for politicians campaigning for changes to the global tax system.However, its profit margin in 2020 was only 6.3%. It runs its online retail business at very low profit margins, partly because it reinvests heavily, and partly to gain market share.\n\nOf course, with the Democrats in the driver's seat, it's hard to imagine that Bernie Sanders or Elizabeth Warren would allow Amazon, a common target for their populist attacks, to escape the greatest international corporate tax overhaul in 100 years. As Richard Murphy, visiting professor of accounting at the Sheffield University management school, argued to the Guardian, the 10% profits threshold was \"inappropriate\" because of different business models for different companies. He added that current approaches to reporting profits in each country were \"easily gamed.\" \"This could turn out to be a false hope unless they get the detail right,\" he said.\nOn Monday afternoon,Bloomberg published a reportciting two anonymous sources close to the talks that Amazon will be subject to new taxes under the deal, though BBG added that the \"particulars\" of how this will be accomplished are still being discussed.\nBut from where things currently stand, it looks like  negotiators are working on a mechanism that will hive off Amazon's more-profitable businesses (like its AWS cloud computing business) rather than the whole company, whose margins are weighed down by heavy investment and thin margins from its e-commerce and Prime services.\nThe company's shares dropped on the news:\nAs for whether the deal will ever become international law, well,that remains to be seen.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":117619815,"gmtCreate":1623136868537,"gmtModify":1634036560610,"author":{"id":"3569316529855154","authorId":"3569316529855154","name":"Deonc","avatar":"https://static.tigerbbs.com/d9aa45dd2eb58357f6477dcfb99d1415","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3569316529855154","authorIdStr":"3569316529855154"},"htmlText":"Oh no","listText":"Oh no","text":"Oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/117619815","repostId":1145769660,"repostType":4,"repost":{"id":"1145769660","kind":"news","pubTimestamp":1623136668,"share":"https://www.laohu8.com/m/news/1145769660?lang=&edition=full","pubTime":"2021-06-08 15:17","market":"us","language":"en","title":"Amazon Will Be Covered If International Tax Deal Ever Becomes Law","url":"https://stock-news.laohu8.com/highlight/detail?id=1145769660","media":"zerohedge","summary":"Amazon shares tumbled to their lowest levels of the session on Monday amid reports that Amazon would","content":"<p>Amazon shares tumbled to their lowest levels of the session on Monday amid reports that Amazon would be included in a G-7 deal cemented over the weekend to retool the minimum corporate tax in some of the world's wealthiest nations (though a US-led movement to force the proposal down the throats of reluctant Ireland, Singapore and other low-tax nations remains very much in doubt).</p>\n<p><img src=\"https://static.tigerbbs.com/63ea33bdf16208237c06f5d7aa72b8f2\" tg-width=\"500\" tg-height=\"324\" referrerpolicy=\"no-referrer\">As we learned over the weekend via a communique from G-7 ministers, a pillar of the deal envisaged that the tax would apply on \"profit exceeding a 10% margin for the largest and most profitable multinational enterprises.\" Thanks to Amazon's low-margin e-commerce business, the firm doesn't technically meet that cutoff, asthe Guardianpointed out in a story published earlier today that quoted a bevy of experts who warned that Amazon might be excluded from the new tax regime if some special arrangement weren't included.</p>\n<blockquote>\n Amazon is one of the largest businesses in the world, with a market value of $1.6tn (£1.1tn) and sales of $386bn in 2020. A Luxembourg subsidiary paid zero corporation tax in 2020 on sales income from across Europe of €44bn (£38bn), making Amazon a prominent target for politicians campaigning for changes to the global tax system.However, its profit margin in 2020 was only 6.3%. It runs its online retail business at very low profit margins, partly because it reinvests heavily, and partly to gain market share.\n</blockquote>\n<p>Of course, with the Democrats in the driver's seat, it's hard to imagine that Bernie Sanders or Elizabeth Warren would allow Amazon, a common target for their populist attacks, to escape the greatest international corporate tax overhaul in 100 years. As Richard Murphy, visiting professor of accounting at the Sheffield University management school, argued to the Guardian, the 10% profits threshold was \"inappropriate\" because of different business models for different companies. He added that current approaches to reporting profits in each country were \"easily gamed.\" \"This could turn out to be a false hope unless they get the detail right,\" he said.</p>\n<p>On Monday afternoon,Bloomberg published a reportciting two anonymous sources close to the talks that Amazon will be subject to new taxes under the deal, though BBG added that the \"particulars\" of how this will be accomplished are still being discussed.</p>\n<p>But from where things currently stand, it looks like &nbsp;negotiators are working on a mechanism that will hive off Amazon's more-profitable businesses (like its AWS cloud computing business) rather than the whole company, whose margins are weighed down by heavy investment and thin margins from its e-commerce and Prime services.</p>\n<p>The company's shares dropped on the news:</p>\n<p><img src=\"https://static.tigerbbs.com/6513fc08a7afd811c73f8827d56bb650\" tg-width=\"500\" tg-height=\"294\" referrerpolicy=\"no-referrer\">As for whether the deal will ever become international law, well,that remains to be seen.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Will Be Covered If International Tax Deal Ever Becomes Law\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 15:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/economics/amazon-will-be-covered-if-international-tax-deal-ever-becomes-law><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon shares tumbled to their lowest levels of the session on Monday amid reports that Amazon would be included in a G-7 deal cemented over the weekend to retool the minimum corporate tax in some of ...</p>\n\n<a href=\"https://www.zerohedge.com/economics/amazon-will-be-covered-if-international-tax-deal-ever-becomes-law\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.zerohedge.com/economics/amazon-will-be-covered-if-international-tax-deal-ever-becomes-law","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145769660","content_text":"Amazon shares tumbled to their lowest levels of the session on Monday amid reports that Amazon would be included in a G-7 deal cemented over the weekend to retool the minimum corporate tax in some of the world's wealthiest nations (though a US-led movement to force the proposal down the throats of reluctant Ireland, Singapore and other low-tax nations remains very much in doubt).\nAs we learned over the weekend via a communique from G-7 ministers, a pillar of the deal envisaged that the tax would apply on \"profit exceeding a 10% margin for the largest and most profitable multinational enterprises.\" Thanks to Amazon's low-margin e-commerce business, the firm doesn't technically meet that cutoff, asthe Guardianpointed out in a story published earlier today that quoted a bevy of experts who warned that Amazon might be excluded from the new tax regime if some special arrangement weren't included.\n\n Amazon is one of the largest businesses in the world, with a market value of $1.6tn (£1.1tn) and sales of $386bn in 2020. A Luxembourg subsidiary paid zero corporation tax in 2020 on sales income from across Europe of €44bn (£38bn), making Amazon a prominent target for politicians campaigning for changes to the global tax system.However, its profit margin in 2020 was only 6.3%. It runs its online retail business at very low profit margins, partly because it reinvests heavily, and partly to gain market share.\n\nOf course, with the Democrats in the driver's seat, it's hard to imagine that Bernie Sanders or Elizabeth Warren would allow Amazon, a common target for their populist attacks, to escape the greatest international corporate tax overhaul in 100 years. As Richard Murphy, visiting professor of accounting at the Sheffield University management school, argued to the Guardian, the 10% profits threshold was \"inappropriate\" because of different business models for different companies. He added that current approaches to reporting profits in each country were \"easily gamed.\" \"This could turn out to be a false hope unless they get the detail right,\" he said.\nOn Monday afternoon,Bloomberg published a reportciting two anonymous sources close to the talks that Amazon will be subject to new taxes under the deal, though BBG added that the \"particulars\" of how this will be accomplished are still being discussed.\nBut from where things currently stand, it looks like  negotiators are working on a mechanism that will hive off Amazon's more-profitable businesses (like its AWS cloud computing business) rather than the whole company, whose margins are weighed down by heavy investment and thin margins from its e-commerce and Prime services.\nThe company's shares dropped on the news:\nAs for whether the deal will ever become international law, well,that remains to be seen.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":19,"commentSize":6,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}