Amazon's profit margin is about 7.5%, your local take away pizza shop probably has a much larger profit margin. So effectively you want a law introduced that would put them out of business lol
How would you feel about paying 15% more for your online goods?
- Thread starter Ice Tea
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Amazon's profit margin is about 7.5%, your local take away pizza shop probably has a much larger profit margin. So effectively you want a law introduced that would put them out of business lol
Deleted User 298457
Deleted User 298457
Make sure you ask for discount if paying in full. 0% obviously isn't actually 0% as the cost is just factored in elsewhere.
Luxury watches are big one. I got £700 off of a £4.5k watch by not leveraging their 0% finance and paying it with my own credit card (with 0% introductory offer
).Deleted User 298457
Deleted User 298457
You are misunderstanding what that means. Profits to Amazon are irrelevant at the moment as they invest vast amounts in other businesses (AWS for example).
In fact it fears the market if Amazon has a higher net profit as it could mean they've run out of ideas to invest into.
If you have a problem with companies like Amazon, stop shopping at Amazon and encourage your peers to do the same.
When people vote their their wallets, behaviour changes. It’s that simple.
In reality no one really cares because it isn’t directly impacting them. Amazon isn’t even that ‘cheap’, it’s just convenient.
When people vote their their wallets, behaviour changes. It’s that simple.
In reality no one really cares because it isn’t directly impacting them. Amazon isn’t even that ‘cheap’, it’s just convenient.
Yes Amazon invests a lot of money, well spotted, who do you think benefits from that investment? Hang on, maybe I'll just ask Alexa
Deleted User 298457
Deleted User 298457
You were implying Amazon has razor thin profit margins, less than that of a pizza shop - and that if they were squeezed they'd go bankrupt?
Yes but you implied that they only have a low profit margin because of they invest a lot of money, but they might only be in business because they do invest, it's not optional spending.
Deleted User 298457
Deleted User 298457
That's not how financial statements work.
Amazon's net margin is about what you said.
Amazon's gross margin is ~40%
The reason Amazon's gross margin is 40% is because of their long term investment, like having their own extensive logistics chain required years of investment, but now most of the country can have one day delivery. This has netted them a large customer base and allowed them to capitalise on economies of scale. Looking at gross margin is basically dumb and meaningless.
Round and round it goes!
Amazons profit margin is 40 percent?
That's crazy for the prices they charge. I know its not the retail arm that is the big margins. But still. Just shows how efficient they are.
Not having prime really helps me not use amazon. I've only bought 2 things since July from them.
Amazons profit margin is 40 percent?
That's crazy for the prices they charge. I know its not the retail arm that is the big margins. But still. Just shows how efficient they are.
Not having prime really helps me not use amazon. I've only bought 2 things since July from them.
This would work if there wasn’t such a lopsided domination of the free market, with a practical monopoly.
Amazon are known for asking you to sell your products via them, and if you refuse, contact your supplier and start their own branded version of your product on their site to undercut you. Hideously disruptive capitalism.
This. We currently reward most the most ruthless, exploitative, lawyered-up, tax-evading businesses, and let them dominate the market to whatever extent they are capable.
That doesn't mean this is great for society, for the market in general, for promoting competition, for consumers, for employees, etc.
It's great for the 1% and for the shareholders, and other considerations are very much out of fashion these days.
Consumers are also pretty lazy these days. Plenty will exclusively buy from Amazon even if they could buy cheaper elsewhere. And Prime has locked them in nicely.
Nearly 140 nations – from US and UK to Europe, China and India – back 15% minimum corporate tax rate , Let's see how the world's largest companies wriggle out of this one.
https://www.theregister.com/2021/10/08/oecd_digital_tax
This is getting serious.
https://www.theregister.com/2021/10/08/oecd_digital_tax
This is getting serious.
Ireland signs up for plan to make Big Tech pay 15 per cent tax everywhere
https://www.theregister.com/2021/10/08/ireland_signs_oecd_digital_tax_plan/
Terrible idea, setting minimums across a multitude of countries with significantly different economies prevents us from reducing it to what serves our country best when we need it, just like the minimum 15% EU VAT rate screwed us during covid. And leaves us less able to compete for corporations compared to other countries as history has shown time and again, how about fixing actual tax loopholes and lobbying instead.
Case in point,
Fantastic...
Case in point,
Fantastic...
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How does EU min VAT rate screw us during Covid? Our rate is 20% and we're not in the EU any more?
Agreeing a minimum corporation tax rate is part of fixing tax loopholes.
The entire global tax system is not fit for purpose in the internet age. The big corporations just shuffle revenues around to the lowest tax jurisdictions and laugh all the way to the bank.
I don't have any problem at all with Amazon spending all it's revenues to avoid paying corporation tax....this is exactly what you want from the tax, to encourage businesses to invest. The problem is artificial the funnelling of revenues through different jurisdictions. If Amazon was spending all of it's UK revenues, in the UK, I think most people would be happy, as we would be seeing the benefit of that investment.