Re:Amazon pays £1.7m corporation tax in the UK
by jf- on Friday August 03, 2018 @10:02AM
(#17679897)
I’m kind of blown away by the comments this is getting. Do people actually not realise that every other company also pays their employees and also happen to pay corporation tax? Meaning that comparatively Amazon is paying massively less? How is that point not getting across?
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Re:Amazon pays £1.7m corporation tax in the UK
by charlesdm on Friday August 03, 2018 @10:51AM
(#17680321)
People realise. People either 1) don't care, or 2) like more competition in a market, generally leading to lower prices. Not having to make profits means Amazon entering a market often lead to lower prices in the shorter term.
Also, wealthy people (or those moderately well off) can avoid tax with a decent understand of tax law. So they might not care. Plenty of people only care about optimising their own returns on capital and effort invested. If I can sell a business for £10m and somehow pay no tax legally, vs selling and paying 20% capital gains tax -- I would always prefer to pay absolutely nothing. Shocker.
Last, I have a good understanding of local and international tax law, and while the system is somewhat broken, it's not massively broken -- steps are being taken internationally to fix major issues.