Money talks, grease the right hands and watch what happens. Corruption and greed.
Or more correctly “exactly the amount of tax levied by HMRC”
Shitty headline. But I guess “Amazon pay the correct amount of tax required of them by HMRC” doesn’t get the mirror clicks.
Completely unforeseeable….
> Last September, it reported paying £492m in tax the previous year – despite UK revenue soaring to £20.6billion in the pandemic.
How often does it need to be stated that tax is paid on profit, not revenue.
How do we define ‘fair share’?
There is no fair share, there is only legally required or not.
Just make them pay tax according to the UK definition of profit based on the UK share of their revenue.
This is literally that simple. Edit: just change the law.
What is fair share?
Government sets tax law. If they’re not paying the right amount, and not breaking the law, then the law needs changing by our government.
I smell kickbacks – these would explain why they get so much money for free from the taxpayers now…
They pay exactly the amount they need to.
Look I’m normally one of the first to go after large companies for not paying their way, but the article and headline are pretty disingenuous here. AWS is basically one of the main two cloud providers (Microsoft with Azure are the other – Google does have GCP but it barley touches the main two in terms of market share), so of course a decent amount of government compute activity is going to use AWS. There is no link to how much or little tax Amazon as a business pay there. Just that AWS is one of the leading cloud providers.
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Money talks, grease the right hands and watch what happens. Corruption and greed.
Or more correctly “exactly the amount of tax levied by HMRC”
Shitty headline. But I guess “Amazon pay the correct amount of tax required of them by HMRC” doesn’t get the mirror clicks.
Completely unforeseeable….
> Last September, it reported paying £492m in tax the previous year – despite UK revenue soaring to £20.6billion in the pandemic.
How often does it need to be stated that tax is paid on profit, not revenue.
How do we define ‘fair share’?
There is no fair share, there is only legally required or not.
Just make them pay tax according to the UK definition of profit based on the UK share of their revenue.
This is literally that simple. Edit: just change the law.
What is fair share?
Government sets tax law. If they’re not paying the right amount, and not breaking the law, then the law needs changing by our government.
I smell kickbacks – these would explain why they get so much money for free from the taxpayers now…
They pay exactly the amount they need to.
Look I’m normally one of the first to go after large companies for not paying their way, but the article and headline are pretty disingenuous here. AWS is basically one of the main two cloud providers (Microsoft with Azure are the other – Google does have GCP but it barley touches the main two in terms of market share), so of course a decent amount of government compute activity is going to use AWS. There is no link to how much or little tax Amazon as a business pay there. Just that AWS is one of the leading cloud providers.
Is anyone actually surprised at this.