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 Excellent: Corporate Scrooges hide trillions of dollars

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RR Phantom

RR Phantom

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Excellent: Corporate Scrooges hide trillions of dollars Vide
PostSubject: Excellent: Corporate Scrooges hide trillions of dollars   Excellent: Corporate Scrooges hide trillions of dollars Icon_minitimeMon Nov 17, 2014 1:27 am
People love how cheaply and efficiently Jeff Bezos sells and delivers product to their door. So much so that his net worth, as the founder and chief executive of Amazon, is about $US30 billion ($34 billion).

Excellent: Corporate Scrooges hide trillions of dollars Article%20Lead%20-%20wide6325258711nqkaimage.related.articleLeadwide.729x410.11nq0b.png1416123389823.jpg-620x349

Yet Bezos concerns himself with how much time his employees spend going to the toilet. The workers in his many warehouses, known as pickers, are constantly monitored.

Bezos is a tax avoider. In Australia, Amazon may deliver goods cheaply and quickly, which is a significant good for consumers, but the company pays little tax on the hundreds of millions of turnover it has in Australia, while undermining local businesses small and large. Amazon prefers to leave tax paying to its customers.

Amazon has a market value of $US151 billion, yet the company pays no dividends and declares no profits. Instead, it's all about growth and scale. This has been going on for 17 years, since Amazon began trading as a public company in 1997. Investors have bought the Bezos model of manic growth, high automation, high efficiency and low costs. Long-term market power over short-term profit.

Read more: http://www.smh.com.au/comment/corporate-scrooges-hide-trillions-of-dollars-20141116-11nq0b.html#ixzz3JIwtWHu4
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