There got to be better examples than that. Walmart manages about 4% margin, so 653 billion went toward procuring the stuff for sale. That figure suggests a tax rate of 25%, which is low at that magnitude but not as dramatically low as other companies pull off.
And lots of Walmarts “expenses” that they take out of their profit go into property rental and acquisition, I would venture to say it’s one of if not the largest percentage of their expenses, much like my apartment is.
There got to be better examples than that. Walmart manages about 4% margin, so 653 billion went toward procuring the stuff for sale. That figure suggests a tax rate of 25%, which is low at that magnitude but not as dramatically low as other companies pull off.
And lots of Walmarts “expenses” that they take out of their profit go into property rental and acquisition, I would venture to say it’s one of if not the largest percentage of their expenses, much like my apartment is.