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Walmart is the retailer. With third party sellers Amazon is not. So they sidestep sales tax (in the UK anyway) and various consumer protections. With this chang
by buckminster 7y ago
Walmart is the retailer. With third party sellers Amazon is not. So they sidestep sales tax (in the UK anyway) and various consumer protections. With this change Amazon becomes the retailer in all but name. I hope the tax authorities and consumer groups take note.
- takeda 7y agoWalmart also has third party sellers.
- gamblor956 7y agoNot in their stores they don't.
- Spivak 7y agoDoes that matter when we're talking about online retail? Walmart the physical store might as well be a separate business.
- gamblor956 7y agoPeople are mixing up Walmart's retail practices with their online practices. Walmart's retail arm will squeeze water from a stone. However, their online division actually works with suppliers since they're still trying to compete with Amazon and eBay.
- hinkley 7y agoFor now.
- delfinom 7y agoYep, there's absolutely no reason they won't squeeze the online sellers later. They already have the precedence with their stores and suppliers. Shit, once they get the ball rolling with their online shop, they could even find products to kick the sellers out and negotiate with the suppliers themselves (the most likely result long term).
- unreal37 7y agoAmazon doesn't pay sales tax? Amazon collects and remits VAT in the UK and across Europe. https://www.amazon.co.uk/gp/help/customer/display.html?nodeId=201895760 https://www.amazon.co.uk/gp/help/customer/display.html?nodeI...
- fatfox 7y agoThey also started billing advertising services through a separate UK branch with UK VAT. However, they're definitely not big on corporation tax: https://www.theguardian.com/technology/2018/aug/02/amazon-halved-uk-corporation-tax-bill-to-45m-last-year https://www.theguardian.com/technology/2018/aug/02/amazon-ha... (Aug 18)
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