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kenneal - lagger
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Joined: 20 Sep 2006
Posts: 10942
Location: Newbury, Berkshire
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 Posted: Sat Jan 19, 2019 3:39 pm Post subject: |
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Apart from dodgy employment practises the main problem is their ability to avoid corporation tax by off shoring their profits. This means that they can undercut ethical local businesses with lower employment costs and because they have better margins on sales because of the much lower taxes that they pay.
For some reason governments don't seem to want to tackle this. I have suggested on a number of occasions to my MP that corporation tax should be scrapped on retailers and an across the board sales tax introduced in its place, with no get out clauses. That would level the playing field.
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As Steve Keen puts it: “Capital without energy is a statue; labour without energy is a corpse.” Economics ignores this which is why economics is broken. |
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emordnilap
Joined: 05 Sep 2007
Posts: 14496
Location: Houǝsʇlʎ' ᴉʇ,s ɹǝɐllʎ uoʇ ʍoɹʇɥ ʇɥǝ ǝɟɟoɹʇ' pou,ʇ ǝʌǝu qoʇɥǝɹ˙
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| Posted: Wed Feb 20, 2019 1:27 pm Post subject: |
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| BritDownUnder wrote: | Back to the Dodgy Tax Avoiders and Australia.
I am not certain they could make money in Australia. Australia is a sovereign country with fairly strict visa requirements and no open door to many no doubt willing workers from foreign countries to work in their warehouses, errrr fulfilment centres, unlike, for example, the UK with Eastern European workers. Therefore the company would have to pay a very "generous" minimum wage (AU$19, I think, which is one third of my hourly rate BTW) controlled by a sovereign parliament. In addition GST (Australia's VAT) would be charged on the goods.
How much tax could be avoided by basing their head office overseas is debatable. The Australian government is trying to crack down on companies paying little tax but I don't know the success of it.
I don't see them coming any time soon. Cost of postage is another issue and long distances. |
Right. From what you say, they've decided not to invade Australia. Well done for now, BDU.
No doubt there is pressure from them and their lobbyists on the Aussie governments to facilitate their extortion. After all, Bezos wanted to call it www.relentless.com (try it).
Apparently they paid no tax in 2017 or 2018 and, indeed, received tax rebates! I can't do that.
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I experience pleasure and pains, and pursue goals in service of them, so I cannot reasonably deny the right of other sentient agents to do the same - Steven Pinker |
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