people and companies behind amazon's desicions to keep growing instead of making income are amazons largest shareholders and made billions from amazons stock price going up. if they cant tax revenue then tax the capital gains from soaring stock prices
Amazon paid just £15m in tax on European revenues of £19.5bn
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Re: Amazon paid just £15m in tax on European revenues of £19.5bn
#32i hate articles that base what companies should pay based on revenues -.- bruh margins are shit for companies like AMZN , walmart etc
Not at all. This is a myth.
Re: Amazon paid just £15m in tax on European revenues of £19.5bn
#33Why is this so hard? If you want companies to pay a percent of their revenues, then write your tax code to tax a percentage of their revenues.
That's a terrible idea. It punishes companies that have slim margins and raises prices for everyone. Washington State actually does something similar.
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Re: Amazon paid just £15m in tax on European revenues of £19.5bn
#34Bezos doesn't have to pay anything on the 10s of billions worth of unrealized gains in AMZN stock either. Income taxes discourage generation of income and sales taxes discourage consumption. Wealth taxes are harder to dodge this way and should make up more of the tax revenues.
You really think it's beneficial to take away ownership from a successful founder and transfer it under control of some pension fund manager?
Wealth taxes are supposed to be paid in cash not stock so he would have to liquidate of the stock
Re: Amazon paid just £15m in tax on European revenues of £19.5bn
#35Bezos doesn't have to pay anything on the 10s of billions worth of unrealized gains in AMZN stock either. Income taxes discourage generation of income and sales taxes discourage consumption. Wealth taxes are harder to dodge this way and should make up more of the tax revenues.
> Bezos doesn't have to pay anything on the 10s of billions worth of unrealized gains in AMZN stock either.
It bugs me that you understand the gains are "unrealized" but still use it as an argument to tax him. What part of "unrealized" do you not get?
I value your HN username at $10 billion. Pay a tax of $4 billion you greedy jerk.
Re: Amazon paid just £15m in tax on European revenues of £19.5bn
#36Bezos doesn't have to pay anything on the 10s of billions worth of unrealized gains in AMZN stock either. Income taxes discourage generation of income and sales taxes discourage consumption. Wealth taxes are harder to dodge this way and should make up more of the tax revenues.
> Wealth taxes are harder to dodge this way and should make up more of the tax revenues.
Or estate (inheritance) tax which could be considered a special form of wealth tax.
Re: Amazon paid just £15m in tax on European revenues of £19.5bn
#37Re: Amazon paid just £15m in tax on European revenues of £19.5bn
#38people and companies behind amazon's desicions to keep growing instead of making income are amazons largest shareholders and made billions from amazons stock price going up. if they cant tax revenue then tax the capital gains from soaring stock prices
capital gains are only triggered when you sell the assets....taxing capital gains from paper moves would be a very bad idea.
Re: Amazon paid just £15m in tax on European revenues of £19.5bn
#39Why is this so hard? If you want companies to pay a percent of their revenues, then write your tax code to tax a percentage of their revenues.
That's called VAT. (excluding revenue from b2b transactions of course)
Re: Amazon paid just £15m in tax on European revenues of £19.5bn
#40Corporations are not taxed on revenue, so I can only assume that the headline is designed to be inflammatory.