Deleted User 298457
Deleted User 298457
Protect Amazon. Boycott your local corner shop.
How would you feel about paying 15% more for your online goods?
- Thread starter Ice Tea
- Start date
Caporegime
- Joined
- 21 Jun 2006
- Posts
- 38,367
Means more warehouse workers and more delivery drivers. My local DPD franchise is raking it in he's had to hire additional drivers through the pandemic.
Soldato
- Joined
- 21 Sep 2020
- Posts
- 4,449
Absolutely spot on. It’s called a Double Irish with Dutch Sandwich it’s super simple and makes perfect sense.
At the end of the day everything these tech giants (and others) are doing is perfectly legal and would be an utter mind field to close as they’ve been in place for so long.
As such prices will not go up for any of us on Amazon etc it may for non global companies.
Caporegime
- Joined
- 30 Jul 2013
- Posts
- 29,646
That's not that point though.
Why should Amazon pay zero corporation tax when they clearly are making stacks of money? I had to pay £30,000 corporation tax this year and I only have a small business that employs 4 other people.
Caporegime
- Joined
- 21 Jun 2006
- Posts
- 38,367
Because they have a better set up and team of accountants and tax experts than what you do?
They are paying what they are legally obliged to do so. No more no less like everyone else should also be doing.
Well it's obviously deemed not enough so the law is looking to be changed, solves that problem
Deleted User 298457
Deleted User 298457
The point is that they don't pay the current 12.5%. So what's the odds of them paying the 15%? About the same I'd say.
Wasn't defending them.
Depends how they change the rules though doesnt it. I've not seen the details but say they could change the rules on the ability to artificially move expenses between regions and/or base the minimum charge on the global profits and split the revenue between countries based on the % of overall sales. There's plenty of ways the tax regime can change to further encompass global companies such as these.
This is a first step. The loopholes that allow profits to be shifted to zero tax jurisdictions are coming next.
You should probably learn how corporation tax works before making ill-informed whining threads like this btw.
If we continue to allow giant multinational corporations to have a huge competitive advantage over every domestic business, eventually everything will belong to giant corporate leeches funneling all their profits to the Caymans and the like, and we'll have to fill the funding gap from somewhere.
It's baffling how many people are against having a level playing field for business.
Can't see Luxembourg every agreeing to closing these loop holes and as the EU is a unanimous system can't see it ever happwbing
With Microsoft just shuffling a third of a trillion dollars through a tax haven....I think we may see rather more movement on this than people think. If it's going to happen, it needs to be now.
It it doesn't happen, then everyone better lube up for the tax rises to pay for covid in the coming years anyway.
Which haven?
With the eu the havens are Luxembourg and Ireland iirc. Why would they vote to not take their cut?
After all if these companies pay I each country they stand to lose a lot as they're only tiny
Deleted User 298457
Deleted User 298457
Why isn't the headline 'EU to ban shuffling through tax haven' rather than increase tax to 15%? It is just political pandering.
They channeled 300+ billion dollars of profits through Bermuda and paid no tax on it.
Luxembourg and Ireland will moan but if the USA, UK, Germany, Italy, France actually get serious they will fall in line.