Amazon avoids its tax!!, again

KWIL · 25th June 2015, 13:30

So Amazon continues to move its profits out of the UK and pays low tax in Luxembourg.

Simple solution, if Amazon does not want to pay a fair tax here in the UK, simple, introduce a Turnover Tax of say 15%, that should concentrate their minds. Much better they pay £750 Million rather than the paltry £11 million at present.

topman · 25th June 2015, 13:44

Not ideal is it? I'm surprised there hasn't been more pressure to increase Lux tax rate from collective pressure from the members of the EU. Therefore making it less appealing to be based there. Not the same but I know the members of the EU cracked down on swiss bank accounts for tax dodgers.

Ultimately it's up to us as customers to not use them if we feel strongly about it. I try and avoid them, but they do have a great range of stuff that is hard to find else where

macafee2 · 25th June 2015, 17:00

Direct the frustration to the law makers that allow this to happen.

macafee2

humphshumphs · 26th June 2015, 19:29

Not on Amazons side, but if you look at the figures for amazon.co.uk (according to company house), then they didn't make much profit to the end of 2014 (just over £679,000,000 turn over with a profit of just over £34,000,000) so if they paid £11,000,000 tax then it's quite a chunk of the profit.

If you try and tax someone based on turnover then you are going to make all prices go up as some companies don't even make 10%.

Just my 2 pence worth (after tax that is

)

humphshumphs · 26th June 2015, 19:30

Quote:

Originally Posted by macafee2

Direct the frustration to the law makers that allow this to happen.

macafee2

If there is a loop-hole, then any company will make use of it

25th June 2015, 13:30	#1
KWIL Precise Rover 75 Tourer 2.5KV6 Connoisseur SE Join Date: Mar 2013 Location: Fleet Posts: 2,972 Thanks: 630 Thanked 617 Times in 480 Posts	Amazon avoids its tax!!, again So Amazon continues to move its profits out of the UK and pays low tax in Luxembourg. Simple solution, if Amazon does not want to pay a fair tax here in the UK, simple, introduce a Turnover Tax of say 15%, that should concentrate their minds. Much better they pay £750 Million rather than the paltry £11 million at present.

26th June 2015, 19:29	#4
humphshumphs I really should get out more....... No longer a Rover Owner Join Date: Jan 2011 Location: As far east as you can go in the UK and not get wet feet. Posts: 2,273 Thanks: 404 Thanked 309 Times in 246 Posts	Not on Amazons side, but if you look at the figures for amazon.co.uk (according to company house), then they didn't make much profit to the end of 2014 (just over £679,000,000 turn over with a profit of just over £34,000,000) so if they paid £11,000,000 tax then it's quite a chunk of the profit. If you try and tax someone based on turnover then you are going to make all prices go up as some companies don't even make 10%. Just my 2 pence worth (after tax that is ) __________________ Richard. No longer a 75 owner as my tourer made it to the moon, and died on it's way back. But 1/4 million miles ain't bad.

25th June 2015, 13:44	#2
topman This is my second home MG ZT-T 190 Join Date: Jun 2009 Location: Lincolnshire Posts: 5,493 Thanks: 372 Thanked 647 Times in 534 Posts	Not ideal is it? I'm surprised there hasn't been more pressure to increase Lux tax rate from collective pressure from the members of the EU. Therefore making it less appealing to be based there. Not the same but I know the members of the EU cracked down on swiss bank accounts for tax dodgers. Ultimately it's up to us as customers to not use them if we feel strongly about it. I try and avoid them, but they do have a great range of stuff that is hard to find else where

25th June 2015, 17:00	#3
macafee2 This is my second home Rover 75 Saloon & Tourer Join Date: Sep 2012 Location: Lincoln Posts: 14,992 Thanks: 1,630 Thanked 3,032 Times in 2,181 Posts	Direct the frustration to the law makers that allow this to happen. macafee2