Amazon to pay corporation tax on UK sales

[Ilikeitblackplease]

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

They made a profit is other ways.

 

[Tefal]

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

Just me or is the scale on that graph terribly labeled?

Amazon make 90,000 million in revenue?

 

[muon]

Just me or is the scale on that graph terribly labeled?

Amazon make 90,000 million in revenue?

Seems fine. So that is $90bn. It is global revenue and profits. Amazon don't make much money once you add up all the profits and losses around the world.

Admittedly they could have just made the y-axis be in billions.

 

[Tefal]

Seems fine. So that is $90bn. It is global revenue and profits. Amazon don't make much money once you add up all the profits and losses around the world.

Admittedly they could have just made the y-axis be in billions.

That's what I mean who the hell would say ninety thousand million lol

 

[muon]

That's what I mean who the hell would say ninety thousand million lol

It could just be the software/template they use.

It might be designed to work for many companies with far less revenue. Then using billions could look a little silly.

 

[Cosimo]

A positive step forward but we need more to follow.

 

[joeyjojo]

Good news. Pleasantly surprised it was Osborne who brought this in.

 

[Derp]

Isn't Vodafone another one of those companies who've paid little amounts of tax?

http://www.theregister.co.uk/2015/02/18/once_more_into_the_tax_breach_dear_friends/

Just saying

 

[Kemik]

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?

No. They're UK head quartered. The bulk of the profits sit in the UK.

 

[D.P.]

That's what I mean who the hell would say ninety thousand million lol

It avoid confusion with the British and American billion.

 

[joeyjojo]

It avoid confusion with the British and American billion.

We should just both switch to SI units. Megapounds (M£), gigapounds (G£), megadollars (M$), and gigadollars (G$).