Re:Amazon pays £1.7m corporation tax in the UK
by petercooper on Friday August 03, 2018 @10:14AM
(#17679993)
And all the VAT they collect on the products they sell which is surely into the billions. I certainly spend a lot more money than I might otherwise thanks to Amazon, so their impact on the tax base is a lot more nuanced than corporation tax alone.
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Re:Amazon pays £1.7m corporation tax in the UK
by jf- on Friday August 03, 2018 @10:22AM
(#17680068)
You would have spent just as much on amazon if it paid it’s fair share of tax. I fail to see how their shareholders taking less profit would decrease your desire to consume.
Out of curiosity, what motivates you to defend a multinational company enriching itself at the direct expense of you? Of it being able to funnel billions of pounds away from your social services, your schools, your hospitals, your roads, your education system?
Re:Amazon pays £1.7m corporation tax in the UK
by petercooper on Friday August 03, 2018 @11:12AM
(#17680526)
I'm not really defending Amazon, but I'm certainly playing down the importance of corporation tax. I think CT is a timid and outdated tax (for many of the reasons leading to this thread) and should be replaced by something else that keeps the taxes closer to the point of consumption. Tax large corporations in ways they can't avoid, not on profits they can manipulate with cross-border transactions.