$0.47/count
Won't scratch non-stick surfaces
Angled to clean hard to reach areas
Quick drying
CamelCamelCamel.
Yes, I'm sure I remember hearing how Jeff Bezos was struggling to put food on the table…
lol ik Jeff bezos rich af and most ppl don’t care but the facts are Amazon’s au been losing millions each year
However, the company still failed to post a profit, losing $4.7 million for the year post-tax, a slight improvement on the $5.3 million it lost in 2018. Amazon Australia has never made a profit during its three years in operation locally, losing nearly $9 million in 2017.
www.smh.com.au/business/companies/amazon-australia-nearly-do…
not sure if they can be sustainable like this in the future tbh
Loss is reported for accounting and tax purposes. They siphon the money overseas in clever ways. Much like Ikea on paper has been doing terribly since it started in Australia. But they pay fees or licensing crap back to the parent company to claim the expenses, etc.
That isn't really how it works. Amazon (like many tech companies) realize their profits in countries with lower corporate tax rates. As Amazon Au isn't publicly listed they don't have to give a full cash flow statement showing where revenue is generated.
Amazon have set up a shell company in Luxembourg and negotiated for a corporate tax rate with the Luxembourg government of 7.5%. Australia for reference is 30% . Profit gets moved from Amazon AU to the shell company in Luxembourg through transfer pricing on things like intellectual property, patents and copyrights
On top of paying less in tax Amazon also gets 100s of clickbaity articles written saying big bad Amazon is losing money because their prices are so cheap.
@cjhero: https://www.google.com.au/amp/s/slate.com/technology/2017/10…
Amazon’s shell company got fined and have to pay it back lol
@skido: That doesn't affect the $4.7m loss you quoted earlier, it's still a fake number.
Amazon hasn't paid that yet, they are appealing and can just find a new tax haven.
Noice! Thanks.
They lost money in product sales, but made huge profit on prime membership fees, gaming, music, movie, kindle, audible subscriptions and other charges are paid to its parent company via offshore.
They'll make it up with volume…
I thought they make the bulk of their profits through AWS, might be a separate company though.
I know they do well with their giant warehouses, charging storage fees and what not, and owning lots of property. iirc, McDonalds is just one giant property investor.
Looks like its sold out!
Boo
Same price at Coles until Wednesday
Missed it.
packaging and postage at least 5x the cost of the item lol no wonder Amazon au is losing millions every year