It really has to be seen to be believed this complaint about Amazon’s taxes:
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Jon Nordmark, founder of consultancy Iterate.ai, said Jeff Bezos’s empire was different. Amazon last year, he said, put nearly $30bn (£22.8bn) into R&D — twice as much as Apple, and almost triple Facebook’s outlay. That investment — Amazon said the $29bn it puts into “technology and content” is far broader than R&D — has gobbled up virtually all its $28bn in earnings before interest and expenses, Nordmark said.