Amazon to pay corporation tax on UK sales

Marmot · 25 May 2015 at 11:40

Seems Amazon has finally bowed to pressure from the government and the introduction of the diverted profits tax which was introduced earlier this year. Honestly it's about time. Could this be a sign of things to come? Certainly means the economy of Luxembourg is about to shrink by a few billion.

Link: http://www.theguardian.com/technolo...gin-paying-corporation-tax-on-uk-retail-sales

moogle · 25 May 2015 at 12:06

Well there goes the end to cheap pricing on the rainforest. I thought we weren't allowed to mention their name?

Sliver · 25 May 2015 at 12:08

One small step for tax equality. One giant leap for the treasury. Lets hope tax avoidance is finally becoming a thing of the past. Long way still to go yet though.

Raymond Lin · 25 May 2015 at 12:09

moogle said:
Well there goes the end to cheap pricing on the rainforest. I thought we weren't allowed to mention their name?

You can say their name.

You just can't say or hint where you can get x product there that OCUK sells.

moogle · 25 May 2015 at 12:11

Raymond Lin said:
You can say their name.

You just can't say or hint where you can get x product there that OCUK sells.

Ah gotcha!

Anyway, I hope others follow suit (or get punished). Isn't Vodafone another one of those companies who've paid little amounts of tax?

LizardKing · 25 May 2015 at 12:12

Amazon don't exactly make huge amounts of profit, seems more of a head line grab if anything.

Raymond Lin · 25 May 2015 at 12:17

LizardKing said:
Amazon don't exactly make huge amounts of profit, seems more of a head line grab if anything.

Makes you think twice.

Can you imagine if Alibaba starts a UK branch?

Tunney · 25 May 2015 at 12:25

Amazon will have to compete on a level playing field with OCuk now.

(but, yes, they're not exactly a wildly profitable company right now.)

Raymond Lin · 25 May 2015 at 12:27

malachi · 25 May 2015 at 12:39

Raymond Lin said:
Makes you think twice.

Can you imagine if Alibaba starts a UK branch?

They won't, as they know better.

Hagar · 25 May 2015 at 12:40

A percentage of $250m is a start. Up from $0 anyway.

arknor · 25 May 2015 at 13:16

Raymond Lin said:
Makes you think twice.

Can you imagine if Alibaba starts a UK branch?

It's misleading as Amazon hasn't been trying to make profit it's not their business model they are rapidly expanding and have been from the start

They don't want short term gains they want to be a monster no one can challenge

Strife212 · 25 May 2015 at 13:24

Amazon Web Services is slowly consuming the internet.

Raymond Lin · 25 May 2015 at 13:32

arknor said:
It's misleading as Amazon hasn't been trying to make profit it's not their business model they are rapidly expanding and have been from the start

They don't want short term gains they want to be a monster no one can challenge

I am aware of that, I am also aware of that when they began, they lost money for many years back in the 90's. I remember the days when they sold nothing but books.

Hotwired · 25 May 2015 at 13:32

LizardKing said:
Amazon don't exactly make huge amounts of profit, seems more of a head line grab if anything.

Isn't their business model to sell a vast range with small margins...

arknor · 25 May 2015 at 13:51

Hotwired said:
Isn't their business model to sell a vast range with small margins...

they can't be that slim

Amazon spent a staggering $13.9 billion on fulfillment expenses, including 50 new distribution facilities, between 2010 and 2013 alone, Bloomberg reported.

V F · 25 May 2015 at 14:12

moogle said:
Well there goes the end to cheap pricing on the rainforest. I thought we weren't allowed to mention their name?

It was fantastic from the early 00s to 07-09. I cannot get over Amazon has been on the go since 1994. I don't think I placed my first order with them until late 2000 early 01.

glenimp617 · 25 May 2015 at 15:04

The government needs to keep it's nose out! They weren't going anything illegal

I buy everything from Amazon, but this probably means the prices are going to rise....which in turns means everyone elses will as well

moogle · 25 May 2015 at 15:16

V F said:
It was fantastic from the early 00s to 07-09. I cannot get over Amazon has been on the go since 1994. I don't think I placed my first order with them until late 2000 early 01.

Wow 1994.. you never hear of these things until they get big. I remember Yahoo was the only website I knew of back then

I started using them in 2006 and they were still quite good past then. Obviously branched out a lot since and the quality has diluted but still decent.

Ryan-3 · 25 May 2015 at 15:55

Strife212 said:
Amazon Web Services is slowly consuming the internet.

They're not making a huge profit as they reinvest - not in their workers at the bottom end for sure - and begin their plan of taking over the world, internet first.