"The main reason Amazon as a corporate entity does not pay much in taxes is bc the company so vigorously reinvests its profit.
That is in fact the kind of incentive our tax system is supposed to create.
NB: You can’t hate both share buybacks & profit reinvestment!"
@tylercowen
Do you know how? I get that they build acquire much infrastructure but under GAAP, you can only write down and depreciate so much.