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So how would you fix the national treasury impact of profitless megacorps moving in to a country and taking out layers of smaller businesses (some of whom make

by mtkd 9y ago

So how would you fix the national treasury impact of profitless megacorps moving in to a country and taking out layers of smaller businesses (some of whom make profit and pay tax on it)? Are you really going to threaten those countries with taking your non-tax paying elsewhere? Edit: Amazon paid just £15m in tax on European revenues of £19.5bn https://www.theguardian.com/technology/2017/aug/10/amazon-uk-halves-its-corporation-tax-to-74m-as-sales-soar-to-7bn https://www.theguardian.com/technology/2017/aug/10/amazon-uk...

merb 9y ago
Well Amazon actually has low profits so they barly pay taxes, because they use all their money in expanding their business. This is actually something which you can do as a german in germany anyways. And since ~2016 or earlier? amazon pays taxes in every country they operate. In germany they even changed the invoice address to be german ~2016-2017. a long time they used luxemburg as their invoice address which was really clever, until it broke out a scandal. http://europa.eu/rapid/press-release_IP-17-3701_en.htm http://europa.eu/rapid/press-release_IP-17-3701_en.htm It contains a good picture, which explained it. And now all sales are recorded in the operating countries. and amazon now needs to provide certain tax related information on a per country basis.