Re:Amazon in £1.5bn tax fraud row
by dvfjsdhgfv on Thursday September 14, 2017 @03:31AM
(#15245669)
That's definitely a valid concern.
> “Twenty per cent is a large sum of money, and if your competitors are avoiding the 20% you can’t compete,”
Twenty percent is huge in retail trade. Many sellers have single-digit margins. Having a huge player engaged in such behavior on a massive scale means effectively eliminating all competition. They should compete, but on equal terms. They will probably still win, but at the same time contribute to the well-being of the society by paying taxes (just like everyone else).
> “Twenty per cent is a large sum of money, and if your competitors are avoiding the 20% you can’t compete,”
Twenty percent is huge in retail trade. Many sellers have single-digit margins. Having a huge player engaged in such behavior on a massive scale means effectively eliminating all competition. They should compete, but on equal terms. They will probably still win, but at the same time contribute to the well-being of the society by paying taxes (just like everyone else).