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Thread: Amazon should be boycotted?

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  1. #1
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    Default Amazon should be boycotted?

    Amazon slammed for ‘insult’ tax bill in the UK despite record profits

    Amazon disclosed in a filing that its corporate tax bill in Britain was around £4.6 million last year, almost half the £7.4 million it paid in 2016.

    The company says it has paid all taxes required in the U.K. and every country that it operates in.
    An anti-tax avoidance advocacy group based in the U.K. criticized the lower tax payment, calling it an "insult."


    Amazon has been criticized for paying less corporation tax in the U.K. in 2017 than it did the previous year.

    The tech giant disclosed in a filing Thursday that its corporate tax bill in Britain was around £4.6 million ($6 million) last year, almost half the £7.4 million ($9.6 million) it paid in 2016. The amount actually paid was just $1.7 million, due to tax deferrals. Amazon says it has paid all taxes required in the U.K. and every country that it operates in.

    The filing was made by Amazon U.K. Services Ltd, a division of the company devoted to warehouses and logistics operations. It also showed that the e-commerce firm's pre-tax profits in the U.K. leaped from about £24.3 million to almost £72.4 million.

    Amazon as a whole posted its highest ever quarterly profit last week, reporting a net income of $2.5 billion. It marked the third consecutive quarter in which the company surpassed $1 billion in profits.

    In Britain, corporations are required to pay 19 percent of their profits in tax. The government wants to lower this to a rate of 17 percent by 2020.

    The Tax Justice Network, an anti-tax avoidance advocacy group based in the U.K., criticized the lower tax payment, calling it an "insult."

    "It clearly shows that our global tax system is fundamentally broken and needs urgently fundamental reform," the organization told CNBC via email. "Otherwise, small and medium enterprises will be ruined at the expense of global players who are most aggressive in pushing down their tax rates and controlling ever more market share."

    The activist group said large multinational firms should be forced to report their financial activities on a country-by-country basis.

    A spokesperson for Amazon said in statement: "Corporation tax is based on profits, not revenues, and our profits have remained low given retail is a highly-competitive, low margin business and our continued heavy investment."

    Amazon has around 27,000 employees in the U.K and it grants full-time staffers share awards, which the company says reduce its tax liability. Amazon's share price has increased 84 percent in the past two years.

    The news could embolden critics of Amazon who claim the firm and other tech giants are not paying enough tax. President Donald Trump for instance has attacked Amazon frequently, claiming the company pays "little or no taxes to state and local governments."

    https://www.cnbc.com/2018/08/03/amaz...d-profits.html
    Do not let success go to your head and do not let failure get to your heart.

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    Default Re: Amazon should be boycotted?

    I ain't boycotting them, I get cheap books from them

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    Default Re: Amazon should be boycotted?

    Quote Originally Posted by Batman View Post
    I ain't boycotting them, I get cheap books from them
    Buy them from a local store.
    Do not let success go to your head and do not let failure get to your heart.

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    Default Re: Amazon should be boycotted?

    You can get a lot of classic or unknown books for free too. It's a funny one. I might have to do a Walrus and buy some shares.
    https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRWNc_AZewu7AAERwCfLfupUZIJSbzqC MgjXFbc0u9YrZkuInoB

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    Default Re: Amazon should be boycotted?

    Well I am. I was going to buy a PS4 headset for the kids but will spend the little extra and buy at the local high street and enjoy the experience of getting it the old fashioned way.
    Do not let success go to your head and do not let failure get to your heart.

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    Default Re: Amazon should be boycotted?

    Everyone is avoiding tax. I order chicken and it is cheaper if you pay cash. From top to bottom everyone is at it. Maybe we should do away with tax like in the olden days. It would get rid of government workers who get into it wanting security and it would mean people are free to do with their money as they please. I don't mind Amazon and pay cash for my chicken. I like the pirates too who didn't bother giving to the monarchy.
    https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRWNc_AZewu7AAERwCfLfupUZIJSbzqC MgjXFbc0u9YrZkuInoB

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    Default Re: Amazon should be boycotted?

    Quote Originally Posted by Gandalf View Post
    You can get a lot of classic or unknown books for free too. It's a funny one. I might have to do a Walrus and buy some shares.
    Amazon is over 1,800 a share. It has been smoking hot this year. They are getting into pharmacy, healthcare, groceries and who knows what else. It’s a good stock. I beleive a big part of amazon profits are selling cloud storage. Amazing company

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    Default Re: Amazon should be boycotted?

    Why ? its a lovely river , great for fishing for Arapaima .

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    Default Re: Amazon should be boycotted?

    Quote Originally Posted by Master View Post
    Quote Originally Posted by Batman View Post
    I ain't boycotting them, I get cheap books from them
    Buy them from a local store.
    Can't get a lot of the books I want from shops, Amazon gives me access to the more obscure books that's ain't usually stocked

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    Default Re: Amazon should be boycotted?

    Amazon seems to get a lot of stick similar to what Wal mart got when they began putting one on every block and threating small local shops. I didn't realize even Wally World was doing free shipping and all online ordering. I have a neighbor with one just a mile away but she stays online, calls ahead for p/u and just waits in the car as they pile in the bags. Now that's just sad.

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    Default Re: Amazon should be boycotted?

    these huge stores like Amazon and Google and apple and all this nonsense are destroying the mom and pop shops. They are destroying the culture. They are taking over everything.

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