Amazon worst of big tech for “aggressive tax avoidance”

WHY PAY MORE?

Arguing the rights and wrongs of tax avoidance by large companies gets political and philosophical quite quickly; however, whatever our political beliefs and values are, we all accept the reality of the current system we live in, and the rules that govern that system of free market economics. Companies fundamentally don’t exist to ‘do good’. They don’t have consciences. They are merely instruments of wealth creation and accumulation, which, as a by-product provide us with the material goods or services we might need or desire.

ENTER VW

The Volkswagen Group cheated on emissions tests for decades, whilst in 2009 even advertising their TDI engines as being ‘clean diesel’ despite pumping out poisonous NOx far above European and American environmental regulations, yet they remain the largest car manufacturer in the world.

AMAZON PAID 10% CT OVER LAST TEN YEARS

Amazon is said to have paid around 10% corporation tax on their UK profits over the last ten years, whereas the bookshop Waterstones paid closer to 30%. It’s obviously unfair that a company like Amazon can pay a reduced rate of tax when other companies don’t have the same ability to avoid taxes, putting them at a commercial disadvantage.

US APPEALS COURT JUDGE HONORABLE LEARNED HAND

AMEN!

If the government is to demand taxes, then companies are obligated to pay what is demanded, but not a penny more. Tax avoidance is not tax evasion. Tax evasion is both illegal and dishonest. Tax avoidance is simply the practice of organising a company’s finances so as to avoid paying extra, unnecessary taxes. It must be recognised that it is a company’s right, as well as being in their very nature, to avoid paying more taxes than is absolutely necessary.

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⚡️ Optimal Compliance 🦄

⚡️ Optimal Compliance 🦄

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Business consultants specialising in partnership models, group structures, and cash flow support via R&D tax relief. We help create capital businesses.