Re:Tech giants face 2% UK digital services tax
by notahacker on Monday October 29, 2018 @03:27PM
(#18330485)
No, I see it as "if you're going to pretend your UK profits are nearly all made overseas, we're going to tax your revenue instead".
Which is worse luck if you're a business with real unit costs and thin margins like Amazon than if you're selling near zero marginal cost ads or software, but it'd be a lot easier to sympathise with Amazon if they'd paid a bit more than £1.7m in tax in the last year.
Nobody expects the outcome of this to be a local equivalent developing, but they do expect companies to avoid less tax.
Which is worse luck if you're a business with real unit costs and thin margins like Amazon than if you're selling near zero marginal cost ads or software, but it'd be a lot easier to sympathise with Amazon if they'd paid a bit more than £1.7m in tax in the last year.
Nobody expects the outcome of this to be a local equivalent developing, but they do expect companies to avoid less tax.