Established in 1994, Amazon began life in owner Geoff Bezos’ garage as an online bookstore,
Oooh, and again!
In fact, UK-based organisation Fair Tax Stamp ranked Amazon the worst
of the big six tech giants for aggressive global tax avoidance
That’ll be Snippa’s lot “2 Fair Taxmark, December 2019, https://fairtaxmark.net/wp-content/uploads/2019/12/Silicon-Six-Report5-12-19.pdf”
Looking at cash tax paid
As we know, given that corporate tax is paid in arrears, cash tax paid doesn’t work when examining corporate tax. As Snippa informed us when he pointed out that if you put this year’s tax collections into last year’s budget then there was no Labour deficit. And we should, because last year’s tax was paid this year…..
“There is also a longstanding issue of the disparity in rates between bricks and mortar
retailers and online companies such as Amazon when it comes to rates for their premises.
For example, in 2016-17 Tesco paid business rates of £700 million, while Amazon paid just
£63.4 million despite generating far higher profits”
Err, yes? Rates being a tax on property, if you don’t use the expensive high street property then your property tax bill should be?