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Saving For a Space Ship

New Law makes Ebay & Amazon Jointly liable for VAT Fraud Fiddlers

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U.K. Treasury: New E-Marketplace Laws Mark ‘Significant Change’

https://www.bna.com/uk-treasury-new-n57982090889/ https://www.bna.com/uk-treasury-new-n57982090889/

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  Amazon’s tax is not transparent – but politicians let them get away with it

https://www.theguardian.com/commentisfree/2018/aug/06/amazon-tax-not-transparent-accountancy-three-reforms?CMP=share_btn_tw

 

 

 

Edited by Saving For a Space Ship

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Great news I believe Germany did something similar recently also. I suspect Amazon may have been courting Chinese sellers because it knows they will fiddle the VAT and therefore furnish Amazon with cheaper prices while they take their cut. When this is combined with how Amazon avoids making profit it makes it a double killer blow for anyone who plays fair.

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This should help make the whole commerce / ecommerce ecosystem more balanced and competitive. Hopefully changes in laws will become faster to match the speed of technological progress and its consequences. Thanks for posting this news.

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  • 192 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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