Amazon UK pays corporation tax for first time since 2020

Re:Amazon UK pays corporation tax for first time since 2020 by butterfly42069 on Tuesday October 01, 2024 @11:18AM (#41709546)

The high street shops (the ones open 9-5, the same time when most people who work, work) were never going to survive by their nature. They were always going to be beaten on availability. If it wasn't Amazon, it'd be the internet, if it wasn't the internet it would be a mail order catalogue, or a multi-department superstore/retail park (often open later, and cheaper to run with more product availability).

This isn't a defence of Amazon, so much an examination of reality. Lots of small shops is very inefficient, and that's why they're gone. Amazon was just the most successful at translating the efficiency gains into profit and growth.

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Re:Amazon UK pays corporation tax for first time since 2020 by tharmas on Tuesday October 01, 2024 @07:24PM (#41715452)

I don't disagree with you about the shops. I'm just stating that Amazon Warehouse killed the retail economy and the spin off jobs it created. Also, you could add that Amazon Warehouse holds more variety of stock (items). The high street shops were never going to be able to compete with that. So its a win in terms of variety of availability but a loss with respect to the local jobs lost and the skills those people possessed.

The other factor is that Amazon is an American based company so the profits go back to the USA. (Well, maybe its Ireland since I think they're registered there but you get my point).

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