Date: 2016-11-11 03:05 pm (UTC)
I suspect they are low in practice if you are the type of business that has sufficiently complex affairs that it can take advantage of corkscrewing through complex loop-holes and exemptions.

If you're not then they appear pretty high to me. (Unless you are telling that there are so many exemptions that are so easy to claim that literally nobody pays 35% - in which case I very literally need to sack my US tax accountant and if so they will be unemployed next week).

So, assuming that my assumption about complex tax affairs is right, reducing them to 15% means that Amazon continue to game the system to pay 0% and small simple compliant businesses' tax rate falls from 35% to 15%.

If the tax rate change is combined with a concerted effort at tax simplication then Amazon et all have less room and their effective tax rate goes up.
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