3 ms·
On the other hand Amazon is notorious for tax shenannigans in Europe and that's something that a small company just can't do effectively, so Amazon can leverage
by noir_lord 9y ago
On the other hand Amazon is notorious for tax shenannigans in Europe and that's something that a small company just can't do effectively, so Amazon can leverage it's size and reach to compete on a field the small retailers can't get on to play on.
That isn't an Amazon problem though, that's a "the smart guys are on the wrong side of the table" problem, big business pays better than government.
- mancerayder 9y agoRight, except it's the fault of countries like UK and Ireland (among others) for creating the conditions for legal massive tax avoidance. And the EU for not smacking that down as a priority immediately. When I relocated to the UK one of the first things the banks did for me was create an offshore account (Isle of Man, I think it was). I thought to myself, this is strange, who do you think I am, Pablo Escobar ? This was Barclays. And all my Amazon packages to London had Luxembourg return addresses. Sorry, Europeans, you can blame big American tech companies for dodging taxes all you want, but it's hypocritical when you legally allowed the conditions for them to do so.
- adventured 9y ago> Amazon is notorious for tax shenannigans in Europe There are a dozen nations in Europe that are notorious for intentionally encouraging tax shenannigans. What are you planning to do to the nice people of Ireland and Switzerland to correct that situation? Their extraordinary GDP per capita figures are directly related to said tax conditions.