News for hackers. Stuff that matters.

A comment on Amazon UK pays corporation tax for first time since 2020. Parent comment

Re:Amazon UK pays corporation tax for first time since 2020 by stuartleigh on Tuesday October 01, 2024 @10:04AM (#41708599)
How is taxing revenue different to VAT?
[ Parent | on HN ]
Re:Amazon UK pays corporation tax for first time since 2020 by njarboe on Tuesday October 01, 2024 @10:09AM (#41708673)
VAT is a "Value Added Tax". It does not tax revenue but the additional value added to something.
[ Parent | on HN ]
Re:Amazon UK pays corporation tax for first time since 2020 by khuey on Tuesday October 01, 2024 @10:11AM (#41708696)
VAT is a tax on only the value added by an entity, not the total flow of cash through an entity.
[ Parent | on HN ]