The CostCo’s commerce clause is a massive loophole that allows companies like Costco to sell products and services without paying their fair share.
In short, the clause is so massive, it allows the company to pocket millions of dollars every year in taxes.
If you’re not a Costco shopper, you don’t need to read this to understand how this works.
Costco’s commerce clauses have been on the books for more than 30 years.
They’ve allowed Costco to collect tens of millions of tax dollars each year and then some.
But, Costco has always been one of the most aggressive and aggressive tax dodgers in the business, and it continues to do so.
For more on the business of tax avoidance, check out our guide on tax evasion.
The problem for Costco is that it has always gotten away with it, and the loophole has become so lucrative, it has become a major tax dodge for many companies.
In fact, Costco earned $1.6 billion in 2017 alone, according to tax documents.
“Costco is the biggest tax-avoiding company in the world,” said Stephen Eberhardt, a tax expert with the American Council for Capital Formation.
“It’s the biggest and most aggressive tax-dodging company.”
Costco has earned more than $2.5 billion in taxes since 2009 alone.
Eberhardt explained that Costco’s business model is based on two main things: the amount of goods and services the company sells, and then the price the company pays.
“Costca has been using a tax loophole for years,” Eberhart told IGN.
“Costco has made billions from these two things.
This is why they’ve been able to pay zero taxes for so long.”
The business model works because Costco doesn’t have to pay taxes on the profits it earns.
In other words, it can’t deduct any of the expenses it spends on its business.
The loophole allows Costco to use its profits to pay less taxes on its profits than if it had used its profits directly to buy goods and provide services.
The loophole allows a company like Costco, with a relatively small workforce, to effectively avoid paying taxes for many years, even when it’s profitable.
For example, if Costco sold goods for $50 each, it could sell goods for around $100 a piece and still pay no taxes for decades.
But, this is only possible because of the loophole.
Costco sells goods for just $3.99 each and can’t take any of those profits directly and pay nothing.
Instead, Costco must first sell its goods for a certain price to earn the profit.
This price is set by Costco, and Costco doesn “get” that price by taking the profit from the sale of goods.
In order to avoid paying any taxes, Costco needs to make more profits and use its profit to pay more taxes.
To do this, Costco uses the “tax deduction” to make up the difference.
This deduction allows Costco, in this case, to take the profit it makes from its business and spend it on buying goods, giving it an extra $3,000 per year.
If Costco sold the same goods for an extra dollar a piece, it would have $100 to spend on goods.
Costco then sells the same amount of items for an additional $3 a piece.
That’s $3 per $3 spent on goods, or $100 per year, a very lucrative loophole for Costco.
In other words.
Costco’s profits are worth $1 billion.
And yet, Costco’s profit margins are so low, that it can take no profit from its profit.
And so, if you’re a Costco customer and you shop at Costco, you’ll pay nothing in taxes on your purchases.
In the case of the company’s profit, that’s just one of several loopholes in the company.
Costco has also used the loophole to dodge $6 billion of taxes over the past decade.
The loopholes are so vast that some analysts believe they can cover the entire country with the loophole, if the company is profitable.
While some tax experts believe that Costco will eventually be able to use the loophole and pay its taxes, many analysts are skeptical.
In their view, Costco will continue to be a tax-sodomizing company.
And, that means Costco will be able keep paying billions in taxes even if it is profitable for the next decade or more.
As for the Costco website, there’s a simple explanation of how it all works.
If you visit the website, you can find out what’s going on in the country, which will include tax information for the past 30 years as well as an explanation of what the company does with its profits.