Amazon.com, is an American multinational technology company based in Seattle that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is considered one of the Big Four tech companies, along with Google, Apple, and Facebook.
TAX AVOIDANCE:
Taxes are important. And when the ultra wealthy aren’t paying them, they’re even more important. Taxes redistribute money in such a way that all citizens can receive the services they need.Unfortunately not paying taxes is also what corporations apparently love to do .
One serial tax avoider is Amazon. In fact it was avoiding tax that got them where they are in the first place. Amazon was created to exploit the loophole of not having to collect sales taxes when selling online, which at the time was only a requirement for physical stores. Although in the US Amazon now does pay sales tax in every state that has one, calculations suggested that if Amazon had been paying taxes from the start it would have paid a total of $20.4 billion in sales taxes from its founding until 2015.
Other than this,Amazon paid no federal tax on $5.6 billion in U.S. profits, and in the past five years paid a rate of 11.4% on its profits of $8.2 billion, around a third of what they should pay.Amazon just gets to avoid paying more taxes.
WORKER'S EXPLOITATION:
Amazon also have factories for manufacturing with similar issues to those in their warehouses. According to the law and order each workplace can’t have more than 10% of their dispatch workers. Amazon electronics, had work forces that were illegally comprised of over 40% dispatch workers. Working conditions between dispatch and normal workers were found to be decidedly different, despite positions being the same.The investigation found that regular workers received five days of training while dispatch workers only received eight hours of training, despite the legal stipulation being 24 hours of pre-job safety training. Dispatch workers were also required to pay physical examination fees, take sick leave unpaid, receive no extra wages for overtime, receive no social insurance, and have no contributions made to their housing provident fund.
Despite these differences, all workers in the factories are subject to long hours, low wages, and poor conditions.
Being world's largest revenue generating company, it was very shamefull for amazon to not to follow basic business ethics.
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ReplyDeleteGood job, really liked your post reagrding ethical and unethical practices happened in the management.
ReplyDeleteAmazing unknown facts discussed by #sahilbassi.
ReplyDeleteAmazon first needs to improve working conditions and need to increase wages of there employees.
ReplyDeleteIn addition to it, they should also pay fair amount to there employees as well as breakdown the discrimination between permanent and temporary employees.
DeleteGreat job man. I really like ur work.
ReplyDeleteInteresting facts about Amazon, not expected by jeff bezoz
ReplyDeleteAmazon have to fix there problems first before dealing with customers
ReplyDeleteAppreciate u brother for for work and to share this with us
ReplyDeleteNever expected that a company like Amazon will do like this.
ReplyDeleteIt is not expected from a multinational company(amazon). #Need to improve!!
ReplyDeleteTax avoidance show's inappropriate behaviour of the company
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