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[Gizmodo] Starbucks, Amazon and Google’s Tax-Dodging “An Insult” to the UK - Page 3

post #21 of 59
If amazon suddenly has to pay more taxes , amazon prime , 2 day shipping price increases, etc. would likely follow. In the end like others have said , the cost will be passed down to the consumer.
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post #22 of 59
Quote:
Originally Posted by duox View Post

If amazon suddenly has to pay more taxes , amazon prime , 2 day shipping price increases, etc. would likely follow. In the end like others have said , the cost will be passed down to the consumer.

I hope not... I buy almost everything (not even kidding) on Amazon thanks to Prime shipping/no tax.
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post #23 of 59
Quote:
Originally Posted by ddx View Post

You can't "get caught" doing something legal.
It's not obviously wrong, legally wrong, or even morally wrong
for the corporations to maximize profits. Who do you think ultimately benefits from the profits of these PUBLIC institutions? The largest shareholders of public securities by far are pension and retirement funds.

In the end, wouldn't be considered "Morally wrong" to bankrupt a country or slow it's growth in a time of depression? I'm not saying it's exactly whats happening but taking money off of one country to give to another without paying the standard tax rates would be highly damaging. I would personally put it in the same vein as the banks that caused the depression in the first place with ... malpractice? ( Lack of a better work )

I hope you get what I mean, it's late and I'm tired.

G'night!
post #24 of 59
Quote:
Originally Posted by Superplush View Post

In the end, wouldn't be considered "Morally wrong" to bankrupt a country or slow it's growth in a time of depression? I'm not saying it's exactly whats happening but taking money off of one country to give to another without paying the standard tax rates would be highly damaging. I would personally put it in the same vein as the banks that caused the depression in the first place with ... malpractice? ( Lack of a better work )
I hope you get what I mean, it's late and I'm tired.
G'night!

That's debatable. Sales taxes and VATs are consumption taxes generally put in place to reduce overall consumption of goods. This is handy during times of prosperity to prevent over-consumption which can cause a bubbles in certain markets and a general "boom-bust" cycle. During a recession/depression they can lead to slower recovery by providing the incentive to save money and do with less. While that's sound advice for people working on a tight budget, it isn't exactly the best thing to do to help an ailing economy. You need to spend money to make money, and banks aren't going to lend the money to entrepreneurs to facilitate wealth creation if overall consumption figures are down.
Edited by videoman5 - 12/4/12 at 8:25pm
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post #25 of 59
Morally wrong != Legally wrong

As long as the law allows for it, the companies should be taking advantage of it. They would be silly not to. They are there to maximize profits and dividends/payouts for their investors. You may not like it, I don't like it, but they should be working it to its fullest. It is up to laws and regulations to change this.
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post #26 of 59
Quote:
Originally Posted by Krispies View Post

I overheard one of my friends talkign about this earlyer today. He was saying (I haven't read it yet so don't hold me to what he said) "These companies shouldnt be made to look bad of not paying tax correctly, because there is a loophole in the system"

Well, it's evolution baby..!
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post #27 of 59
People seemingly get confused as to what a business is, it's something with no morals with one goal of making as much money as possible and as such these companies have done nothing wrong, especially considering it was all completely legal. If we are talking about who is to blame look to the government, the ones who see clear loopholes that have been around for a very long time but all they provide is words coupled with little to no action, in this sense we are very similar to america in that we have a blowhard government that is too weak to take any action.
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post #28 of 59
Quote:
Originally Posted by Fuell View Post

I'm sick of it being "acceptable" to do something thats obviously very wrong just because there is a "loophole" in the system. Go figure companies with 10+ figure bank accounts can hire hoards of people to find them hundreds of loopholes. Theres no accountability, nothing to deter them. If they get caught, all that happens is that the system has to be fixed, they don't pay anything extra. There should be a law where you can be penalized for trying to exploit loopholes rather than reporting them. The system will never be worded 100% correctly to prevent every kind of abuse, but these companies really should be made examples out of. Those who do all sorts of "wrong" things to avoid paying Billions with a B in taxes, heck, put them up for treason. The sad part is, I'm not entirely kidding about that... The problem is pretty bad.

Seriously, I pay a higher percentage of taxes than most of the richest people/companies, and I'm an entry level government employee... Sickening...

Exactly; and people wonder why not only is there such a gap between social classes but rather a national problem.
post #29 of 59
what's embarrassing is the fact that they have loopholes built into the system that allows legal tax-dodging for those who can afford enough lawyers.

Simple fix. "No loophole clause" where there is no other translation except the literal, original, and intended meaning.
post #30 of 59
Quote:
Originally Posted by hollowtek View Post

what's embarrassing is the fact that they have loopholes built into the system that allows legal tax-dodging for those who can afford enough lawyers.
Simple fix. "No loophole clause" where there is no other translation except the literal, original, and intended meaning.

Simpler fix: Flat tax.
    
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