--- title: "Meaning & Key Takeaway of: But Amazon is not alone in its avoidance…" description: "\"“But Amazon is not alone in its avoidance of taxes. Bloomberg Businessweek reports, “The tactics of Google and Facebook depend on ‘transfer pricing,’ p..." image: "https://sms4smile.com/quotes/i/610/jonathan-taplin-20430_federal-government_but-amazon-is-not-alone-in-its-avoidance_3202962.jpg" --- # But Amazon is not alone in its avoidance of taxes… ![“But Amazon is not alone in its avoidance of taxes. Bloomberg Businessweek reports, “The tactics of Google and Facebook depend on ‘transfer pricing,’ paper transactions among corporate subsidiaries that allow for allocating income to tax havens while attributing expenses to higher-tax countries…” quote by Jonathan Taplin](https://sms4smile.com/quotes/i/610/jonathan-taplin-20430_federal-government_but-amazon-is-not-alone-in-its-avoidance_3202962.jpg) [Download](https://sms4smile.com/quotes/i/610/jonathan-taplin-20430_federal-government_but-amazon-is-not-alone-in-its-avoidance_3202962.jpg) [Open image](https://sms4smile.com/quotes/i/610/jonathan-taplin-20430_federal-government_but-amazon-is-not-alone-in-its-avoidance_3202962.jpg) > ““But Amazon is not alone in its avoidance of taxes. Bloomberg Businessweek reports, “The tactics of Google and Facebook depend on ‘transfer pricing,’ paper transactions among corporate subsidiaries that allow for allocating income to tax havens while attributing expenses to higher-tax countries. Such income shifting costs the U.S. government as much as $60 billion in annual revenue, according to Kimberly A. Clausing, an economics professor at Reed College in Portland, Oregon.” At a time when both local and federal governments are putting off needed infrastructure improvements because of tax revenue shortfalls, the tax avoidance schemes of our richest technology companies are partially to blame.”” [Jonathan Taplin](https://sms4smile.com/quotes/author/jonathan-taplin/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Highlights how major tech firms use transfer pricing to shift profits, causing massive tax revenue loss for the U.S. **In simple terms:** Tech companies shift profits to avoid taxes, costing billions. Key Takeaway Advocate for fair corporate tax policies. Themes tax policy corporate ethics government finance Mood critical concerned Type analytical informative When to use this quote - policy reform - public advocacy - financial journalism - educational campaigns Key Concepts transfer pricing tax havens public revenue Questions to Reflect On - What reforms could close loopholes? - How can citizens demand corporate accountability? A Different Perspective Complex global tax laws make enforcement difficult. ★ ★ ★ ★ ★ No ratings yet [Amazon Avoidance](https://sms4smile.com/quotes/about/amazon-avoidance-5953973/) [Avoidance Taxes](https://sms4smile.com/quotes/about/avoidance-taxes-775659/) [Federal government](https://sms4smile.com/quotes/about/federal-government/) [Tax Avoidance](https://sms4smile.com/quotes/about/tax-avoidance-230800/) [Tax Havens](https://sms4smile.com/quotes/about/tax-havens-265153/) [Tax Revenue](https://sms4smile.com/quotes/about/tax-revenue-852944/) [Taxes](https://sms4smile.com/quotes/about/taxes/) ## Related quotes > [The avoidance of taxes is the only intellectual pursuit that still carries any reward.](https://sms4smile.com/quotes/john-maynard-keynes/the-avoidance-of-taxes-is-the-only-intellectual-pursuit-that-still/) [John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/) > [ \[High income tax rates\] not only check consumption but discourage investment and encourage...the avoidance of taxes \[rather\] than the production of goods.\[...\]Our present tax… ](https://sms4smile.com/quotes/john-f-kennedy/high-income-tax-rates-not-only-check-consumption-but-discourage/) [John F. 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