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essexgull

8023 posts
First used 12/01/17

#1
10/08/2017 at 20:57

https://amp.theguardian.com/technology/20 17/aug/10/amazon-uk-halves-its-corporatio n-tax-to-74m-as-sales-soar-to-7bn

All for making companies pay tax, but if a company's pre tax profits fall by 50%, then so will the tax paid. Not really sure why the Guardian is unable to state this and making a big deal out of it. Turnover has risen, investment has risen but profit has fallen... This is sub-GCSE economics.


ESSEX GULL  

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candw

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25794 posts
First used 09/01/17

#2
10/08/2017 at 21:06

How much profit can they make before we have to pay them a tax refund? It's not as if they paid reasonable tax in the 'good times'. How much of this drop in profits is due to them taking over other firms? I won't sleep tonight because of the unfairness.

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exiled CITY AFC

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11115 posts
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#3
12/08/2017 at 11:13

Economic illiteracy lies at the heart of the guardians M.O and that of its readers.
BBC business editors are almost as bad.
Here is what they teach at whatever school it is they learn what they know.

1) Big corporations are bad M'kay?
2) A big number £ of any number is how bad the company is M'kay?
3) Profit is evil - even though my pension is invested in equities
4) Losses are the capitalists own fault and don't count
5) Public sector funding comes from a countries ability to vote left wing
6) Everything scandanavian or Nordic is absolutely brilliant
7) Everything former eastern bloc didn't count
8) Everything American is terrible (except obvs my phone, that TV. Series I like and my top ten movies of all time)
9) The stock market is a mystery but important
10) Currency changes mostly affect our holiday to the south of France.

If a company tells me they are good:- Locally produced, ethically sourced, diversity trained, charity funding, virtue signalling, cod Philosophy following, with owners who can name their wares after their young children I will buy their shit if I want it or not... 

Let it never be said that I was silent when they needed me - William Wilberforce 

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essexgull

8023 posts
First used 12/01/17

#4
12/08/2017 at 11:40

Quote Quote by candw on 10/08/2017 at 21:06
How much profit can they make before we have to pay them a tax refund? It's not as if they paid reasonable tax in the 'good times'. How much of this drop in profits is due to them taking over other firms? I won't sleep tonight because of the unfairness.


It is the good times for Amazon, but they've invested £20 billion or so and employed 5000 more employees in the UK.. this obviously contributes towards lowering the annual profit figures, on which the company is 'taxed'.

All for making the likes of Amazon up their tax contributions, or even better, equaling the tax contributions of local business, but using what should be basic business knowledge of every British citizen as evidence to target the company is stupid. And what is more stupid are the many thousands/hundreds of thousands who read the title and first paragraph and support the argument.

Many need to be more responsible regarding their finances and a newspaper educating them properly is a start.



ESSEX GULL 

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exiled CITY AFC

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11115 posts
First used 11/01/17

#5
13/08/2017 at 03:17

And I can add gull that all those people employed by said evil corp will mean taxes revenue on their wages.

100% support your suggestions on financial literacy. I cringe when people don't even know how the basics of the economy work but worse when they vote for people who don't have a Scooby nDoo either!  

Let it never be said that I was silent when they needed me - William Wilberforce 

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candw

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25794 posts
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#6
13/08/2017 at 09:25

So they invest to make a lot more profit for themselves. How long will they be claiming this against tax? When they start making a bucketful more, will they start paying proper tax? I won't be holding my breath over that.

You, exiled, have gone through your latest conversion. Now you're lauding Amazon and it's ability to dodge tax and screw over local bookshops. Once you railed against bringing Big Name shops into the locality. Remember, Amazon undercuts by volume sales and a totally unfair tax system.

It's interesting that yo don't think the economy can run any better or any differently. Labour does.

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exiled CITY AFC

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11115 posts
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#7
14/08/2017 at 01:14

You are utterly clueless - has your time on amazon not alerted you to the fact that you can now buy from the little independent via amazon passed you buy. Do you you still see amazon as a bookseller?

Amazon is investing for the future - while it makes no profit it pays no tax when (if) its investment proves wise and indeed they do make more profits the government will take its bigger cut.

Meanwhile the government will still be getting all its other taxes from amazon so the NHS can still be funded as normal.

You can't pay tax on profit until profit has been earned.

I do think the economy can be run better but in ways labour can't even dream about because labour dogma won't allow for it. 

Post edited on 14/08/2017 at 01:15 by exiled CITY AFC

Let it never be said that I was silent when they needed me - William Wilberforce 

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candw

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25794 posts
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#8
14/08/2017 at 07:47

Unfortunately, for various reasons, I shop almost exclusively on Amazon. For my books, audio books and many other objects.

My problem is that they still do not pay a tax in line with their profits. They move shit through Luxembourg or Ireland and by-pass the place where their sales are really high. You don't seem to understand that, which seems rather clueless to me.

They are also poor payers and with a slave driving work routine, so their much vaunted addition to the exchequer is no reason for them not to pay as every High Street company pays. We could have two NHSs if multinationals paid their way.

I mean, an American based multinationals's employees pay tax! Amazing!

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