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#2
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Yes, I thought that as well.
Brian -- From the Sofa of Brian Gaff Reply address is active "Martin" wrote in message ... With a turnover of £2billion and tax only £10million Amazon can afford to be generous. On Wed, 28 May 2014 09:54:12 +0100, "Brian Gaff" wrote: Yes several blind people bought a few years back a so called talking phone, this was very cheap and apparently made in china. When they got it it keept on losing its memory and defaulted to speaking chinese. After a couple of these with the same fault, Amazon gave a full refund. Obviously a faulty batch. Its probably more cost effective with such devices I'd imagine. Brian -- Martin in Zuid Holland www.youtube.com/watch?v=eE_IUPInEuc |
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#3
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On 28/05/2014 10:23, Martin wrote:
With a turnover of £2billion and tax only £10million Amazon can afford to be generous. turnover means nothing. you could have a turnover of ten billion and outgoings of ten billion and 1 - still no tax. -- Gareth. That fly.... Is your magic wand. |
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#4
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In article , the dog from that film you
saw wrote: On 28/05/2014 10:23, Martin wrote: With a turnover of £2billion and tax only £10million Amazon can afford to be generous. turnover means nothing. It means a lot. Without it a company has to resort to loansharking under one fancy name or another. If there is no turnover and no profit then it becomes hard to know why we would allow a company to continue to incorporate. People persistently forget that as a country we have chosen to allow companies to behave in various ways like a 'person' (incorporation) and to be 'limited' etc. So we give them some of the advantages an individual would have whilst given them other advantages an individual does *not* have. They have it both ways. This really does need looking into as some clearly exploit it in a way and to a degree that was not intended, and become anti-competitive and against the interest of citizens, ordinary taxpayers, and consumers. The problem, though is that the big companies make the laws via their relationships to politicians, etc. (Here 'relationships' includes giving them money, supporting them in their newspapers, etc.) you could have a turnover of ten billion and outgoings of ten billion and 1 - still no tax. Yes. That's why we really need to replace existing corporation taxes, etc, with ones based on the income of a company. And to shut down many of the exemptions that allow them to play tricks like having their 'other companies' 'loan' them money from a tax haven as a way of exporting their actual profits and dodging the tax. Jim -- Please use the address on the audiomisc page if you wish to email me. Electronics http://www.st-and.ac.uk/~www_pa/Scot...o/electron.htm Armstrong Audio http://www.audiomisc.co.uk/Armstrong/armstrong.html Audio Misc http://www.audiomisc.co.uk/index.html |
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#5
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In article , Martin
wrote: On Thu, 29 May 2014 09:18:14 +0100, Jim Lesurf wrote: In article , the dog from that film you saw wrote: On 28/05/2014 10:23, Martin wrote: With a turnover of £2billion and tax only £10million Amazon can afford to be generous. Yes. That's why we really need to replace existing corporation taxes, etc, with ones based on the income of a company. And to shut down many of the exemptions that allow them to play tricks like having their 'other companies' 'loan' them money from a tax haven as a way of exporting their actual profits and dodging the tax. It seems that Amazon really does run at a loss worldwide. Given the opacity and complexity of their operations I tend to view that idea with some scepticism. IIRC they have all kinds of 'pretend we are in different places for different parts of our acitivity so as to stash away money somewhere' approach that has been exposed by various inquiries by journalists and some politicians. Starbucks... Yes, its impressive what games can be played by having 'franchises', to suck the money abroad and leave 'no real profit' here. Bit like the games others play with 'fees', 'loan repayments', etc, to offshore concerns. IIRC one of the large optician chains gets up to this as well, as exposed in Private Eye IIRC. All kinds of magic wands and 'find the lady' to fleece the marks. It's time somebody came to grips with VAT on Amazon purchases in UK going to a Luxembourg branch of Amazon. Symantec does something similar except the VAT goes to Ireland. They both claim that EU regulations allows them to do this. The basic problem is that corporation taxs become easy to dodge as international companies can find many ways to shift 'profit' elsewhere and make gains seem like losses. We won't fix this until we change the entire basis of company taxation to being its income or turnover, leved by point of purchase being where the customer resides. VAT has similar problems and is hampered by being a 'flat tax'. However imagine a form of corporate income tax. Even in the simplest possible form of being the same as for individuals, think how much we could raise personal allowances if companies paid up as well. With the right structure it could dramaticially shift the burden away from ordinary individuals to large companies. Might even make collection easier by being a reduction in the number of types of tax HMRC had to work on. Pigs don't fly, alas... Jim -- Please use the address on the audiomisc page if you wish to email me. Electronics http://www.st-and.ac.uk/~www_pa/Scot...o/electron.htm Armstrong Audio http://www.audiomisc.co.uk/Armstrong/armstrong.html Audio Misc http://www.audiomisc.co.uk/index.html |
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#6
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In article , Martin
wrote: On Thu, 29 May 2014 14:03:23 +0100, Jim Lesurf wrote: It seems that Amazon really does run at a loss worldwide. Given the opacity and complexity of their operations I tend to view that idea with some scepticism. IIRC they have all kinds of 'pretend we are in different places for different parts of our acitivity so as to stash away money somewhere' approach that has been exposed by various inquiries by journalists and some politicians. My statement was based on the Guardian article that I posted a link to in this thread. I can't believe the Guardian could be so gullible :-) Alas, the Grauniad isn't really what it was on a day-to-day basis. They still get some big and significant stories. But often they seem to just use 'Phil Space'. e.g. a recent item that simply repeats what was in the Radio Times about popular kid's progs. VAT has similar problems and is hampered by being a 'flat tax'. The problem with mail order/online VAT is it that it is paid to a country the seller chooses, not in the country where the item is dispatched from or sold. The company chooses a country where they pay zero or little corporation tax. Amazon pays VAT to Luxembourg, Symantec pays VAT to Ireland, although the goods are neither made nor sold there. Yes. We need more like the 'point of click' tax and/or 'transaction tax'. Jim -- Please use the address on the audiomisc page if you wish to email me. Electronics http://www.st-and.ac.uk/~www_pa/Scot...o/electron.htm Armstrong Audio http://www.audiomisc.co.uk/Armstrong/armstrong.html Audio Misc http://www.audiomisc.co.uk/index.html |
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#7
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"Jim Lesurf" wrote in message ... In article , Martin wrote: On Thu, 29 May 2014 14:03:23 +0100, Jim Lesurf wrote: It seems that Amazon really does run at a loss worldwide. Given the opacity and complexity of their operations I tend to view that idea with some scepticism. IIRC they have all kinds of 'pretend we are in different places for different parts of our acitivity so as to stash away money somewhere' approach that has been exposed by various inquiries by journalists and some politicians. My statement was based on the Guardian article that I posted a link to in this thread. I can't believe the Guardian could be so gullible :-) Alas, the Grauniad isn't really what it was on a day-to-day basis. They still get some big and significant stories. But often they seem to just use 'Phil Space'. e.g. a recent item that simply repeats what was in the Radio Times about popular kid's progs. Did you miss the smiley? I think the last big or significant story that the Gruniad got was when they reported that Queen Victoria had ****ed over Westminster Bridge on her way to the State Opening of Parliament. -- JohnT |
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#8
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In article , JohnT
wrote: "Jim Lesurf" wrote in message ... In article , Martin wrote: On Thu, 29 May 2014 14:03:23 +0100, Jim Lesurf wrote: It seems that Amazon really does run at a loss worldwide. Given the opacity and complexity of their operations I tend to view that idea with some scepticism. IIRC they have all kinds of 'pretend we are in different places for different parts of our acitivity so as to stash away money somewhere' approach that has been exposed by various inquiries by journalists and some politicians. My statement was based on the Guardian article that I posted a link to in this thread. I can't believe the Guardian could be so gullible :-) Alas, the Grauniad isn't really what it was on a day-to-day basis. They still get some big and significant stories. But often they seem to just use 'Phil Space'. e.g. a recent item that simply repeats what was in the Radio Times about popular kid's progs. Did you miss the smiley? I did see it, and recognised the high iron content of your comments. ;- Alas, recent readings of the Gurniad do lead to my added comment, though. Their reality/(opinion+rambles+sponsored+fillspace) ratio does seem to have fallen in recent years. I think the last big or significant story that the Gruniad got was when they reported that Queen Victoria had ****ed over Westminster Bridge on her way to the State Opening of Parliament. Crumbs. You've been reading for much longer than myself! 8-] Jim -- Please use the address on the audiomisc page if you wish to email me. Electronics http://www.st-and.ac.uk/~www_pa/Scot...o/electron.htm Armstrong Audio http://www.audiomisc.co.uk/Armstrong/armstrong.html Audio Misc http://www.audiomisc.co.uk/index.html |
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