Re:Amazon pays £1.7m corporation tax in the UK
by charlesdm on Friday August 03, 2018 @09:18AM
(#17679550)
At some point we do have to realise more rules aren't helping.
Yes, the tax avoidance strategy Amazon uses is unique and interesting in that they keep growing massively, investors value them as a massively profitable company, yet they declare almost no taxable profit. But do we fix this, and if so, how? Maybe monopoly or monopsony laws need to be strengthened..
There will always be ways to avoid tax for those unwilling to pay (tax avoidance is as old as taxation itself), and past a certain point it gets a bit ridiculous to try and create more rules and laws.
Yes, the tax avoidance strategy Amazon uses is unique and interesting in that they keep growing massively, investors value them as a massively profitable company, yet they declare almost no taxable profit. But do we fix this, and if so, how? Maybe monopoly or monopsony laws need to be strengthened..
There will always be ways to avoid tax for those unwilling to pay (tax avoidance is as old as taxation itself), and past a certain point it gets a bit ridiculous to try and create more rules and laws.