FabSwingers.com > Forums > Politics > Amazon tax cut
Amazon tax cut
Jump to: Newest in thread
 |
By (user no longer on site)
over a year ago
|
Where the big multi nationals rip us off, pay shitty wages and conditions are going back to the days of doffing your working class cap to some arse of a boss. But hey it is all good isnt it? We have record employment levels ?.But it is all Zero hours/part time/split shifts all on minimum wages yes we are booming indeed  |
Reply privately, Reply in forum +quote
or View forums list | |
And some would prefer to cut more ted tape, including protections of tights etc. There is little interest in cutting loopholes used by the parasites around the world, including the USA and UK, as governments are too cosy with people who make their lives a little easier. Remember government ministers expect a little luxury, including having their moats paid to be cleared etc. Caviar amongst the few is no bad thing  |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
If we want to "take back control" - we have got to "control" the multi nationals! They run the world not governments! Nothing wrong with profit - it's good, but Amazon pays 5.5% tax on £72 million, and Fred who works for them pays 20% on £15k! Where is the justice? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"If we want to "take back control" - we have got to "control" the multi nationals! They run the world not governments! Nothing wrong with profit - it's good, but Amazon pays 5.5% tax on £72 million, and Fred who works for them pays 20% on £15k! Where is the justice? "
This kind of thing will only get worse and worse.
Instead of “taking back control”, what’s we’ve done is “hand more control to the Tories”. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
We only have ourselves to blame. Instead of going to our local high street, as a nation we've decided that we can't be much bothered any more. Prices are cheaper on the internet and it comes to our door and if we don't like it just send it back. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Why didn't labour close those loop holes when it held power for soo long?"
Not just labour but ALL political party's! It's a little bit of " don't cut off the hand that feeds you" or "I'm alright Jack pull the ladder away". The majority of politicians look after themselves FIRST. |
Reply privately, Reply in forum +quote
or View forums list | |
"We only have ourselves to blame. Instead of going to our local high street, as a nation we've decided that we can't be much bothered any more. Prices are cheaper on the internet and it comes to our door and if we don't like it just send it back."
I like to keep immigrants employed by having them drive crap to me in vans at weekends. Especially when they bring their gum chewing, silent, and Gola wearing girlfriends with them...  |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *ercuryMan
over a year ago
Grantham |
"If we want to "take back control" - we have got to "control" the multi nationals! They run the world not governments! Nothing wrong with profit - it's good, but Amazon pays 5.5% tax on £72 million, and Fred who works for them pays 20% on £15k! Where is the justice? "
The problem is that Amazon (and others) are doing nothing wrong legally. They can afford to pay the smartest lawyers and accountants to play the system.
It needs a concerted worldwide effort to tighten the tax regime up. |
Reply privately, Reply in forum +quote
or View forums list | |
"Can't remember blair/Brown stopping it ....prob because new Labour were just Tories in disguise x"
To be fair to them (as with the current government) they couldn't do much about it.
While EU law allows Amazon to base themselves in low tax Luxembourg while doing business in high tax UK Germany Etc. nothing will change, no matter what any national government tries/wants to do.
Why do you think that the biggest cheerleaders for the EU are multinationals? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"If we want to "take back control" - we have got to "control" the multi nationals! They run the world not governments! Nothing wrong with profit - it's good, but Amazon pays 5.5% tax on £72 million, and Fred who works for them pays 20% on £15k! Where is the justice?
The problem is that Amazon (and others) are doing nothing wrong legally. They can afford to pay the smartest lawyers and accountants to play the system.
It needs a concerted worldwide effort to tighten the tax regime up."
Agree with you 100%!
However the right wing are all for deregulation as opposed to tightening up. A good example is the EU trying to tighten tax havens - but our politicians don't want it. They have "watered down" a lot of the proposed regulations. I have no problem with wealth but I do have a problem with legal manipulation! |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *ercuryMan
over a year ago
Grantham |
"If we want to "take back control" - we have got to "control" the multi nationals! They run the world not governments! Nothing wrong with profit - it's good, but Amazon pays 5.5% tax on £72 million, and Fred who works for them pays 20% on £15k! Where is the justice?
The problem is that Amazon (and others) are doing nothing wrong legally. They can afford to pay the smartest lawyers and accountants to play the system.
It needs a concerted worldwide effort to tighten the tax regime up.
Agree with you 100%!
However the right wing are all for deregulation as opposed to tightening up. A good example is the EU trying to tighten tax havens - but our politicians don't want it. They have "watered down" a lot of the proposed regulations. I have no problem with wealth but I do have a problem with legal manipulation! "
Yet it was the Conservatives that introduced the Diverted Profit Tax in 2015, in an attempt to bring the multinationals into line |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"If we want to "take back control" - we have got to "control" the multi nationals! They run the world not governments! Nothing wrong with profit - it's good, but Amazon pays 5.5% tax on £72 million, and Fred who works for them pays 20% on £15k! Where is the justice?
The problem is that Amazon (and others) are doing nothing wrong legally. They can afford to pay the smartest lawyers and accountants to play the system.
It needs a concerted worldwide effort to tighten the tax regime up.
Agree with you 100%!
However the right wing are all for deregulation as opposed to tightening up. A good example is the EU trying to tighten tax havens - but our politicians don't want it. They have "watered down" a lot of the proposed regulations. I have no problem with wealth but I do have a problem with legal manipulation!
Yet it was the Conservatives that introduced the Diverted Profit Tax in 2015, in an attempt to bring the multinationals into line"
Not before time - it's not about who did what, more of the share of wealth which gives the government the resource to invest in the good of the country. The last financial crash was caused mainly by the US banks. Packaging debt and selling it off to other greedy bankers mainly UK & Europe. However as the packaging altered in content it fell to bits. In short - "when something sounds too good to be true - it usually is". Can anybody name 1 banker who corrupted the system getting a custodial sentence? They got away with it and whats more it's going to happen again. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"If we want to "take back control" - we have got to "control" the multi nationals! They run the world not governments! Nothing wrong with profit - it's good, but Amazon pays 5.5% tax on £72 million, and Fred who works for them pays 20% on £15k! Where is the justice? "
its semantics but Fred pays 20% on c £4K of his 15. Take your point tho... however we’re using low corporation tax to support UK plc. Be interesting to see which way we move now ....
|
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site) OP
over a year ago
|
Just think if all these mass corporation's actually paid there doo's would that solve the shortfall for NHS, police and solve the poverty crisis or am I being idealistic x |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Just think if all these mass corporation's actually paid there doo's would that solve the shortfall for NHS, police and solve the poverty crisis or am I being idealistic x"
corporation tax makes c 8%. Which is about the same (if not a bit less) than the top 10% earners pay in income tax. It would help, but isn’t the silver bullet in our finances.
|
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"If we want to "take back control" - we have got to "control" the multi nationals! They run the world not governments! Nothing wrong with profit - it's good, but Amazon pays 5.5% tax on £72 million, and Fred who works for them pays 20% on £15k! Where is the justice?
The problem is that Amazon (and others) are doing nothing wrong legally. They can afford to pay the smartest lawyers and accountants to play the system.
It needs a concerted worldwide effort to tighten the tax regime up.
Agree with you 100%!
However the right wing are all for deregulation as opposed to tightening up. A good example is the EU trying to tighten tax havens - but our politicians don't want it. They have "watered down" a lot of the proposed regulations. I have no problem with wealth but I do have a problem with legal manipulation!
Yet it was the Conservatives that introduced the Diverted Profit Tax in 2015, in an attempt to bring the multinationals into line
Not before time - it's not about who did what, more of the share of wealth which gives the government the resource to invest in the good of the country. The last financial crash was caused mainly by the US banks. Packaging debt and selling it off to other greedy bankers mainly UK & Europe. However as the packaging altered in content it fell to bits. In short - "when something sounds too good to be true - it usually is". Can anybody name 1 banker who corrupted the system getting a custodial sentence? They got away with it and whats more it's going to happen again."
It absolutely will happen again. The US is currently dismantling the regulations on their financial sector. |
Reply privately, Reply in forum +quote
or View forums list | |
"If we want to "take back control" - we have got to "control" the multi nationals! They run the world not governments! Nothing wrong with profit - it's good, but Amazon pays 5.5% tax on £72 million, and Fred who works for them pays 20% on £15k! Where is the justice?
The problem is that Amazon (and others) are doing nothing wrong legally. They can afford to pay the smartest lawyers and accountants to play the system.
It needs a concerted worldwide effort to tighten the tax regime up.
Agree with you 100%!
However the right wing are all for deregulation as opposed to tightening up. A good example is the EU trying to tighten tax havens - but our politicians don't want it. They have "watered down" a lot of the proposed regulations. I have no problem with wealth but I do have a problem with legal manipulation! "
Some of that is true but I would take you to task on some of the regulation bit.
In principle the multinationals want more regulation. To be fair they may get stroppy from time to time when a certain thing doesn't go their way, but it's regulation that keeps them where they are.
It's regulation that keeps smaller businesses down. A multinational with an in house legal department with a budget of millions can easily comply with whatever is thrown at them. The small guy either soldiers on to his next heart attack or chucks in the towel.
Regulation is fine, but excessive regulation only plays into the hands of the big boys. |
Reply privately, Reply in forum +quote
or View forums list | |
"In principle the multinationals want more regulation. To be fair they may get stroppy from time to time when a certain thing doesn't go their way, but it's regulation that keeps them where they are.
It's regulation that keeps smaller businesses down. A multinational with an in house legal department with a budget of millions can easily comply with whatever is thrown at them. The small guy either soldiers on to his next heart attack or chucks in the towel.
Regulation is fine, but excessive regulation only plays into the hands of the big boys."
Bullshit!
If the multinationals want regulation so much why do they keep shifting as much of their operations to the most unregulated countries in the world?
Multinationals want zero regulations, zero restrictions on access to markets and zero tax liabilities. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"In principle the multinationals want more regulation. To be fair they may get stroppy from time to time when a certain thing doesn't go their way, but it's regulation that keeps them where they are.
It's regulation that keeps smaller businesses down. A multinational with an in house legal department with a budget of millions can easily comply with whatever is thrown at them. The small guy either soldiers on to his next heart attack or chucks in the towel.
Regulation is fine, but excessive regulation only plays into the hands of the big boys.
Bullshit!
If the multinationals want regulation so much why do they keep shifting as much of their operations to the most unregulated countries in the world?
Multinationals want zero regulations, zero restrictions on access to markets and zero tax liabilities."
I think you are wrong...more regulation creates an unequals playing field to the advantage of those with the most spare cash for crafty accountants and lawyers.
Of course, this points to the regulations being stupidly porous to begin with.
Less but more holistic regulation is the way to go. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"What I like is the High St. answer is not that Amazon should be made pay its tax bill but that their taxes should be cut to 'fuck all' too."
Why the high street and not the people.
Look at how low personal tax is in some of the most prosperous countries. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
Don't fear the mega corps.Theyll replace your failing democracy with a corporatocracy or technocacy in city states .
You can't hold back change and progress .We will never achieve the big dreams if we rely on the state.
The future belongs to the tech giants . |
Reply privately, Reply in forum +quote
or View forums list | |
"In principle the multinationals want more regulation. To be fair they may get stroppy from time to time when a certain thing doesn't go their way, but it's regulation that keeps them where they are.
It's regulation that keeps smaller businesses down. A multinational with an in house legal department with a budget of millions can easily comply with whatever is thrown at them. The small guy either soldiers on to his next heart attack or chucks in the towel.
Regulation is fine, but excessive regulation only plays into the hands of the big boys.
Bullshit!
If the multinationals want regulation so much why do they keep shifting as much of their operations to the most unregulated countries in the world?
Multinationals want zero regulations, zero restrictions on access to markets and zero tax liabilities."
No Will. They may want production in unregulated countries but they want the regulations well stacked in their favour in the countries where they have markets.
As I said before. Why does anyone think that the multinationals are the biggest cheerleaders for the EU? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Don't fear the mega corps.Theyll replace your failing democracy with a corporatocracy or technocacy in city states .
You can't hold back change and progress .We will never achieve the big dreams if we rely on the state.
The future belongs to the tech giants . "
I hope you are being sarcastic |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site) OP
over a year ago
|
"Earned more yet pay less tax takes the piss a bit xAm I right to assume that the vast majority of those who have voiced their disgust on this thread will now stop shopping with Amazon in future?"
I don't I very rarely shop online and I have seen how they treat their staff x |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Don't fear the mega corps.Theyll replace your failing democracy with a corporatocracy or technocacy in city states .
You can't hold back change and progress .We will never achieve the big dreams if we rely on the state.
The future belongs to the tech giants .
I hope you are being sarcastic"
No at all .You will see a corporate city state in your life time and technocracy will replace democracy.
The first colony on another planet will be funded by tech giants not NASA or any other state funded space agency .
The future belongs not to state but to corporations .Its happening now. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Don't fear the mega corps.Theyll replace your failing democracy with a corporatocracy or technocacy in city states .
You can't hold back change and progress .We will never achieve the big dreams if we rely on the state.
The future belongs to the tech giants .
I hope you are being sarcastic
No at all .You will see a corporate city state in your life time and technocracy will replace democracy.
The first colony on another planet will be funded by tech giants not NASA or any other state funded space agency .
The future belongs not to state but to corporations .Its happening now. "
Maybe but it's not a good thing.
|
Reply privately, Reply in forum +quote
or View forums list | |
"Luckily when we leave the EU we will be in a far stronger position to tax multi-nationals because...
Because...
Because Brexit means Brexit."
.....Because the Conservative party has just announced in the last few days a plan to tax online retailers like Amazon with an online transaction fee tax. This is to help the high street get more of an equal footing as online retailers like Amazon have an unfair advantage avoiding business rates on high street shops.
|
Reply privately, Reply in forum +quote
or View forums list | |
"Luckily when we leave the EU we will be in a far stronger position to tax multi-nationals because...
Because...
Because Brexit means Brexit.
.....Because the Conservative party has just announced in the last few days a plan to tax online retailers like Amazon with an online transaction fee tax. This is to help the high street get more of an equal footing as online retailers like Amazon have an unfair advantage avoiding business rates on high street shops.
"
Like they were going to cap utility bills? I'm surprised that a tax proposed by the remoaner Hammond hasn't caused you to go into meltdown |
Reply privately, Reply in forum +quote
or View forums list | |
"Why didn't labour close those loop holes when it held power for soo long?"
Because it wasn't a good idea then and it's still not a good idea now.
Tax has become the favoured populist whipping tool of the left I'm afraid to say and people, a bit like the right over BREXIT, are lapping it up without actually looking at it properly or the likely consequences of any change.
Most of the companies that people complain about are US based companies and declare their profits and pay most of their company taxes in the US. There might be some advantages to getting some individual companies to pay more company tax here instead of the US but that would require some form of bilateral or multinational agreement on changes to the way multinational companies are taxed. As the UK also has a large number of multinational companies that make money all over the world but declare their profits and pay their company/corporation taxes here in the UK it's doubtful that moving to an internal tax system that was based more on where business was done rather than where profits are declared would bring in any extra money overall to the treasury and could actually bring in less.
|
Reply privately, Reply in forum +quote
or View forums list | |
"What I like is the High St. answer is not that Amazon should be made pay its tax bill but that their taxes should be cut to 'fuck all' too."
Amazon does pay its tax bill in full and, if it wasn't, it would be in court pretty quickly. The question is not whether Amozon is paying it's tax bill in full but whether that tax bill is fair and, if not, what can and should be done about it. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"What I like is the High St. answer is not that Amazon should be made pay its tax bill but that their taxes should be cut to 'fuck all' too.
Amazon does pay its tax bill in full and, if it wasn't, it would be in court pretty quickly. The question is not whether Amozon is paying it's tax bill in full but whether that tax bill is fair and, if not, what can and should be done about it."
It's the system that is wrong - just because it's always been like that doesn't mean it's right! I don't have a problem with profit but if your making a loss you can get tax relief, but a fair rate of tax should be paid if your making profit! |
Reply privately, Reply in forum +quote
or View forums list | |
"What I like is the High St. answer is not that Amazon should be made pay its tax bill but that their taxes should be cut to 'fuck all' too.
Amazon does pay its tax bill in full and, if it wasn't, it would be in court pretty quickly. The question is not whether Amozon is paying it's tax bill in full but whether that tax bill is fair and, if not, what can and should be done about it."
no it doesn't pay it's taxes in full ... what it does is broker a deal on it's tax liability with the HMRC, using the threat of tying up the HMRC in prolonged and very expensive legal wrangling, unless the HMRC agree to the amount of tax that Amazon are willing to pay .... this tactic is used by pretty much every multi-national business operating in the UK |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *oo hotCouple
over a year ago
North West |
The Govt could level the playing field fairly quickly and with little additional infrastructure and administrative burden. Current corporate tax policy is not fit for modern business practices and new taxes could and should be introduced to reflect the changing trends. For example, using existing VAT infrastructure, all transactions that are not face to face should pay a transaction tax and this tax can be tiered on both number of transactions in a prior quarter as well as volume of business. Using the existing VAT infrastructure will mean that small, start ups will not be compromised but the bigger players will pay more than they are now and the system is easily tracked. This concept can be rolled out to face to face transactions where the ultimate owner of an entity is not domiciled in the UK. It is a very simple fix that could be introduced with very little preparation time. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *asyukMan
over a year ago
West London |
"Luckily when we leave the EU we will be in a far stronger position to tax multi-nationals because...
Because...
Because Brexit means Brexit.
.....Because the Conservative party has just announced in the last few days a plan to tax online retailers like Amazon with an online transaction fee tax. This is to help the high street get more of an equal footing as online retailers like Amazon have an unfair advantage avoiding business rates on high street shops.
"
I hope this works. Could and should have been done years ago.
We will see from the next tax bill how well. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *asyukMan
over a year ago
West London |
"Why didn't labour close those loop holes when it held power for soo long?
Because it wasn't a good idea then and it's still not a good idea now.
Tax has become the favoured populist whipping tool of the left I'm afraid to say and people, a bit like the right over BREXIT, are lapping it up without actually looking at it properly or the likely consequences of any change.
Most of the companies that people complain about are US based companies and declare their profits and pay most of their company taxes in the US. There might be some advantages to getting some individual companies to pay more company tax here instead of the US but that would require some form of bilateral or multinational agreement on changes to the way multinational companies are taxed. As the UK also has a large number of multinational companies that make money all over the world but declare their profits and pay their company/corporation taxes here in the UK it's doubtful that moving to an internal tax system that was based more on where business was done rather than where profits are declared would bring in any extra money overall to the treasury and could actually bring in less.
"
Not quite true. The tech companies have been holding most of their profits off shore and using them for share by backs and acquisitions. No tax paid anywhere.
The same with many other global companies.
Transaction tax is the only way to work this without complex international agreements. The USA is certainly not interested in these right now. |
Reply privately, Reply in forum +quote
or View forums list | |
» Add a new message to this topic
