In the past 20 years, Amazon's annualized rate of return reached 37%, with the stock price increasing by more than 800 times.
By issuing free stock to its employees, Amazon offset tens of billions of US Dollars in federal taxes in just 2018.
And why was Amazon able to get tax refunds and subsidies?
Just like Huaxia, many states or localities in America offered tax incentives to attract investment or company set-ups.
Thus, Amazon leveraged its reputation and economies of scale to aggressively invest in computers, data centers, and distribution centers all over the country.
It is estimated that from 2005 to 2021, Amazon obtained more than $13.47 billion in tax incentives from local governments through this method.
"What a great tactic!"
Having learned about Amazon's tax avoidance strategies, David couldn't help but be somewhat impressed with the company, understanding why the authorities were so insistent on him dealing with this thorn in their side first.
