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Amazon-7Bn Sales, No Uk Corporation Tax


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#1 timebandit

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Posted 04 April 2012 - 09:18 PM

Yet another company joins Vodafone and Barclays

Guardian

Britain's biggest online retailer, generated sales of more than 3.3bn in the country last year but paid no corporation tax on any of the profits from that income and is under investigation by the UK tax authorities.


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#2 SNACR

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Posted 04 April 2012 - 09:32 PM

We're all part of a new country called Europe.

I'm really rather surprised no-one at the Guardian has got this memo and instead wrapped themselves in the Union Jack to write this sort of little englander piece that would be more at home in the Mail.

#3 Saving For a Space Ship

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Posted 04 April 2012 - 09:35 PM

http://www.guardian....x?newsfeed=true

#4 Russe11

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Posted 04 April 2012 - 09:40 PM

owned by one of the richest men in the world, you don't come the richest by giving it away you know.

#5 Saving For a Space Ship

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Posted 04 April 2012 - 09:42 PM

Sorry did not see Time bandits post 10 mins earlier, mods please merge delete,

( although I do have a catchier subtitle ) :D

Edited by Saving For a Space Ship, 04 April 2012 - 09:43 PM.


#6 The Eagle

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Posted 04 April 2012 - 09:48 PM

http://www.guardian.co.uk/technology/2012/apr/04/amazon-british-operation-corporation-tax?newsfeed=true


They are just using the same loopholes that most (or more likely all) other multinational corporations are using, if they weren't using them they would be at a competitive disadvantage. In this case the blame is squarely with the government that doesn't care about legislating the loopholes away (I guess they are too busy reducing benefits for the poor...).

Edited by awake_eagle, 04 April 2012 - 09:49 PM.

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#7 timebandit

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Posted 04 April 2012 - 09:50 PM

Sorry did not see Time bandits post 10 mins earlier, mods please merge delete,

( although I do have a catchier subtitle ) :D


Oh much nicer, Mods delete mine Thanks.
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#8 South Lorne

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Posted 04 April 2012 - 09:50 PM

owned by one of the richest men in the world, you don't come the richest by giving it away you know.


...he's not the problem...it's the people putting tax on warm pasties ...they are missing the serious tricks...not very bright...but we voted for them .... :rolleyes:
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#9 sleepwello'nights

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Posted 04 April 2012 - 10:00 PM

Another share that never registered on my horizon. It's increased from $15 in 2002 to $200 now. No yield though.

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#10 Saving For a Space Ship

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Posted 04 April 2012 - 10:07 PM

Oh much nicer, Mods delete mine Thanks.


Oops.. too late!

My lawyers will be in touch...where there's a merge, there's a claim

For those wondering what we are talking about, the subtitle was 'Well, I'll be Luxem'buggered'

#11 easy2012

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Posted 04 April 2012 - 10:14 PM

Yet another company joins Vodafone and Barclays

Guardian


Think about 1.9m tax was paid out of a 207m turnover on Amazon.co.uk last year. Granted, many of their activities are directed via Amazon s.a.rl,
nowadays but some of the things that Amazon 'sold' were actually sold by the Marketplace sellers. The Jersey VAT loophole is now history since 1st April.

Not sure there is much HMRC can do as we are suppose to have total free trade with EU (and Luxembourg)..

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#12 TheBlueCat

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Posted 04 April 2012 - 11:24 PM

We're all part of a new country called Europe.

I'm really rather surprised no-one at the Guardian has got this memo and instead wrapped themselves in the Union Jack to write this sort of little englander piece that would be more at home in the Mail.

Funny isn't it? The Grauniad has spent the last 20 years telling everyone the UK should hand over sovereignty to those nice fluffy progressives in Brussels who don't have the inconvenience of having to win elections before changing the law and now that companies like Amazon are taking advantage, as the Gruaniad sees it, of the house that Jacques built, they're suddenly up in arms. Seems to me that they've made their f*cking bed and should damn well lie in it. Alternatively:

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#13 TheBlueCat

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Posted 04 April 2012 - 11:27 PM

Yet another company joins Vodafone and Barclays
Guardian

Oh, and some more reasons the Grauniad should just shut the f*ck up:

http://autonomousmin...-tax-avoidance/

#14 mattyboy1973

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Posted 05 April 2012 - 01:45 AM

what's to stop, say, Tesco from 'relocating' to Luxembourg and classifying its UK stores as 'fulfillment' centres? Just asking!
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#15 'Bart'

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Posted 05 April 2012 - 03:20 AM

For those wondering what we are talking about, the subtitle was 'Well, I'll be Luxem'buggered'

Added back in by popular demand.




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