Amazon Corporation Tax

[tomtomagain]

This is why I said in an earlier thread this week that the only real way to combat this sort of behaviour is to set the corporate tax rate to zero.

At the end of the day all taxes are paid by consumers, employees and those receiving dividends.

All "corporate" taxes are passed onto customers.

VAT is a prime example, I charge VAT to clientco and give to HMRC. ClientCo reclaims VAT from HMRC. The only person not reclaiming VAT is the consumer.

All PAYE taxes are similarly "passed on" to the end customer in the guise of higher costs.


Setting the corp. tax to zero would level the playing field for all companies, big and small, and would prevent companies wasting their human-resources trying to eliminate tax.

Massive simplification is the only way to deal with the current situation. Complexity creates loopholes. Loopholes are exploited.

[AtW]

CORPORATION TAX IS NOT BASED ON SALES!!!!

No, but there ain't many businesses who fail to make profit on 4 bln sales

[AtW]

At the end of the day all taxes are paid by consumers, employees and those receiving dividends.

Those who receive dividends from taxed corp profits get tax credit.

[d000hg]

No, but there ain't many businesses who fail to make profit on 4 bln sales

You sure about that?

[proggy]

You sure about that?

Depends on the companies strategy, if they are trying to expand and grow, develop new markets etc then they could make a loss by spending on this. People might think that a loss means so one is getting rich but huge salaries and bonuses would have been paid out before hand.

[AtW]

You sure about that?

I'd take my chances.

[tomtomagain]

Those who receive dividends from taxed corp profits get tax credit.

Yes and there a thousand and one other little devices available to either reduce or increase the tax take.

Which is why I come back to my central argument.

The only way to have a "fair" tax system is to have a very simple, transparent tax system.

[d000hg]

I'd take my chances.

I tried to find data but failed - anyone know where we can find profit vs turnover for the biggest companies, FTSE100, DOW, or global lists?

[tomtomagain]

I tried to find data but failed - anyone know where we can find profit vs turnover for the biggest companies, FTSE100, DOW, or global lists?

Most share brokers will give you that data. Look for "Fundementals"

Fundamentals | Interactive Investor

[DimPrawn]

This is why I said in an earlier thread this week that the only real way to combat this sort of behaviour is to set the corporate tax rate to zero.

At the end of the day all taxes are paid by consumers, employees and those receiving dividends.

All "corporate" taxes are passed onto customers.

VAT is a prime example, I charge VAT to clientco and give to HMRC. ClientCo reclaims VAT from HMRC. The only person not reclaiming VAT is the consumer.

All PAYE taxes are similarly "passed on" to the end customer in the guise of higher costs.


Setting the corp. tax to zero would level the playing field for all companies, big and small, and would prevent companies wasting their human-resources trying to eliminate tax.

Massive simplification is the only way to deal with the current situation. Complexity creates loopholes. Loopholes are exploited.

Yep.

A simpler tax system would actually generate more tax, but the rich want to dodge all taxes and it is the rich and powerful that pull the strings at the top.

So expect more complex tax and more loopholes.