That discrepancy is pushing the estimated tax gap, the amount of money owed by taxpayers that isn't collected, to nearly around $600 billion annually, and to approximately $7 trillion in lost revenue over the next decade, the Treasury Department finds.
These photos of a new Amazon warehouse in Tijuana, Mexico have been going viral as the "This is capitalism" picture of the year. But there's a lot more going on here than the picture can tell you. Let's trace the Amazon supply chain! A thread:👇 1/ pic.twitter.com/XDNC5XkvgV— Charmaine Chua (@CharmaineSChua) September 7, 2021
But the Amazon networks' epicenter is starting to shift. Since Trump's trade war, there has been a total increase of about $200 billion in tariffs from China. For e-commerce companies, this means direct China-US trade has become too expensive. The solution? Mexico. 4/— Charmaine Chua (@CharmaineSChua) September 7, 2021
For Amazon, this duty-free clause, set against the increase in China-US tariffs, provides a loophole. They will ship Chinese goods into Mexico, bring them to the Tijuana facility to process and break apart, then truck them in tote-bag sized, sub-$800 bundles to Otay Mesa FC 7/— Charmaine Chua (@CharmaineSChua) September 7, 2021