What online Companies will do to avoid taxes, AmazonUK, 7 billion, UK Corporate tax=000!
........"Amazon.co.uk, Britain's biggest online retailer, ........sales......[over]£3.3bn in the country last year but paid no corporation tax on any of the profits from that income – and is under investigation by the UK tax authorities".......
......."Amazon, which launched in the UK in 1998, is the UK's most popular retail website, with more visitors than Argos, Next and Tesco............. won an award for offering the best customer service in the UK.........[AmazonUK] is not British-owned. The UK operation avoids tax as the ownership.......transferred to a Luxembourg company in 2006"........
In very simple terms there is no "British ownership" and "all revenues are actually received in Luxembourg".........
What I have said in these pages before, relative to the attempts by everyone from Gov LePage on down, to collect "sales tax" on everything Mainers buy, anywhere in the country, is an ill-conceived idea that will never work. Reasons why? See above example.
While I am no fan of "corporatism" necessarily, I believe beyond any reasonable doubt that the people that run these large companies are far smarter than government bureaucrats and from now on, will be ahead of government's attempt to collect more taxes. It is way way too easy for companies to locate their physical presence any place on earth that they wish to do so, and they are more than willing to do so as every dollar of tax avoided, is another dollar of profit!
The tax man will just have to withdraw his claws somewhat back to the point where people are willing to pay taxes at a certain level, but not beyond, as, in reality, taxation is voluntary for the most part as if it gets too high, people and companies will take steps to avoid them.
We will just have to learn to do with a bit less government, one we CAN afford, which in my estimation is not a bad idea at all. For the most part I consider taxation to be an "immoral action" as it is done at the point of a gun, and no matter how well intended the use of said monies may be, the fact that it was taken by force from he who earned it in the first place, makes the entire action morally and ethically challenged.
Big government is going to destroy itself in the pursuit of more "stolen wealth". AmazonUK has sure put on a pretty good end run here.