neurosisxeno
Member
Corporate Tax only applies to profits.
-
Hey, guest user. Hope you're enjoying NeoGAF! Have you considered registering for an account? Come join us and add your take to the daily discourse.
Trump accuses Amazon of hurting 'tax paying retailers'
- Thread starter Zolo
- Start date
Corporate Tax only applies to profits.
Kill Your Masters
Member
It's also dangerous because I believe if necessary he will turn the world to ashes to prove a point.
He is pure evil scum.
Well he's not wrong about it hurting small businesses...but it seems that he's still not quite cognizant of the fact that they DO pay taxes. Or, he's just hoping that his supporters continue to be the ignorant fucks they are, and not check the facts themselves. Either is likely.
Oh of course.
Oh of course.
No, Good socialist.
MightyKAC
Member
So rather than fix the system that (lawfully) made Amazon a giant, let's just go ahead and blame a business for being successful using the rules it was given.
Of course that big bad boogeyman corporation also happens to be a nice little distraction to point to when you need a quick distraction from your own bad press.
(At least until the next time you open your mouth and remind the world why you shouldn't be where you are that is...)
Of course that big bad boogeyman corporation also happens to be a nice little distraction to point to when you need a quick distraction from your own bad press.
(At least until the next time you open your mouth and remind the world why you shouldn't be where you are that is...)
The orange turd himself said on national TV during one of the debates that him using the rules to his advantage makes him smart.
He's salty that Bezos is a way better businessman than he is. And the coverage he gets in the WaPo.
That may be true, but isn't it interesting that Amazon seems to have suffered much less of a backlash over it than Walmart did?
One important difference to note is that Walmart was actually bringing stores into the same areas where they were causing the mom & pop retailers to close. So the jobs that were lost were being replaced in the same communities. However with Amazon, that is not the case. They are using centralized fulfillment centers that not only significantly reduce the total number of jobs, but also relocate them. It seems like that can have much more of a devastating impact on local economies than the Walmart model.
IdreamofHIME
Member
Amazon UK are scum in regards to tax
Dynamite Shikoku
Congratulations, you really deserve it!
is he some kind of communist
deadhorse32
Bad Art
It's the same in every country : Fiscal optimisation to the max
DrROBschiz
Member
Pretty liberal stance there Donny
We gonna start bringing back Antitrust lawsuits? Cuz I havent seen one in awhile
We gonna start bringing back Antitrust lawsuits? Cuz I havent seen one in awhile
Pyroclastic
Banned
well at least he's right for the wrong reasons for a change (vendetta against jeff bezos) rather than perfecting to an art form how to pick the shittest stance on an issue like he usually does.
theechrisfox
Member
This comes across as jealous as fuck.
It's true but there is nothing to be done and anyway Trump doesn't really care about the issue at all. You can't tell people where to spend their money. They want Amazon's convenience. Amazon now charges sales tax in most places in the U.S. I know that doesn't make up for the taxes B&M stores bring in for property but shopping has evolved. That's it.
Angelus Errare
Banned
So...he's anti-free market now?
Pretty much, and the giant brick and mortar businesses who didn't bother to adapt when Amazon first entered the market only fucked themselves.
Pretty much, and the giant brick and mortar businesses who didn't bother to adapt when Amazon first entered the market only fucked themselves.
Charles Brandon
Member
Amazon is well known to use jurisdictional loopholes to avoid as much tax a possible, at least in Europe. They may well reinvest their profits but that does not make them untaxable. The amount of tax they pay in the UK is very, very low. It's not that easy to separate profit from revenue because there are all sorts of transfer pricing mechanisms in play that blur the lines. What they are doing is not necessarily illegal because tax law doesn't really work that way (tax law is often arguable) but they do use their size to gain what most people would call a grossly unfair advantage over domestic retailers and I'm sure the model is broadly the same in most jurisdictions. Overall, this is not a good thing.
Governments should be challenging these companies more but the resources Amazon have make this difficult. It's certainly not a bad thing to draw attention to this and if Trump wants to go after them in this regard, then he should be supported.
That being said, I buy everything from them LOL
That makes them smart.
ClosingADoor
Member
Amazon not charging sales tax did give them an unfair advantage for a long time. But there was nothing stopping government from closing that loophole. To complain now, when they do pay sales tax everywhere is just stupid.
Vicetrailia
Member
I guess that makes them smart.
Charles Brandon
Member
IT means they have very smart advisers but they should still be challenged. Tax law is not a question of right and wrong, it's very complex and grey but the fact remains that Amazon's approach is damaging and should be contested.
ClosingADoor
Member
It's a Trump quote. Trump himself said that paying less taxes makes you smart.
Contested how? Are you saying Amazon should be forced to pay property tax to localities for places they have no property? If you are talking about other tax loopholes they are not any more damaging than any other major corporations approach.
I feel like this often when shopping retail and feel bad..
https://www.youtube.com/watch?v=6daEbA1jBXg
https://www.youtube.com/watch?v=6daEbA1jBXg
I think that's because Walmart essentially "normalized" the idea that mom and pop shops will inevitably shutdown. As much complaining as there was, very few did anything to stop it from happening. I imagine the attitude these days is more along the lines of "I'm surprised they lasted this long".
Charles Brandon
Member
I'm talking about the abuse of multi-jurisdictional tax law inconsistencies and transfer pricing mechanisms that has the affect of shifting the tax jurisdiction of the business into a different jurisdiction, with lower or nil tax rates, to the one where the trade takes place. Other companies do do similar things but Amazon is, globally, one of the worst offenders due to the nature of the business and the the scale of the trade. They should all be challenged more than they are and the biggest ones should be challenged first.
I find it ironic that a forum that is so rabidly left-wing is so keen to hand-wave these sort of shenanigans away, which are the epitome of rapacious, damaging hyper-capitalism and Donald Trump, the white knight for right wing conservatism is the one pressing the issue. I'm sure he has is own reasons for doing so as many have pointed out, but if he takes Amazon to task, like I wish the UK government would, then does it really matter?
RPGCrazied
Member
He just doesn't like the owner, all this is, and just because he owns a paper that slays him on a daily basis.
And Amazon does take tax in most states.
And Amazon does take tax in most states.
BoogieWoogie
Banned
So what story is Washington Post about to drop to facilitate this new tantrum?
Trump doesn't actually care and he isn't going to do shit. He's just salty that a man way richer than him owns a newspaper that slams him.
Because I'm sick and tired of hearing about how online retailers are the bad guys when brick and mortar big box stores did the same thing to local business decades ago. Amazon is not the only online retailer that takes advantage of it because of their business model, they just happen to be the biggest. If you want gov't to clamp down on all corporations over loopholes I'm all for that. If you are going to cry because Amazon isn't a charity, sorry I disagree with that notion.
TheSecondSpitter
Member
This is plainly not true. Amazon are one of the biggest contributors to the BEPS problem.
Like he said.
RoninChaos
Member
... he bragged about dodging taxes. And now amazon is bad? Fuck off. He's just mad that the Washington Post shits on him regularly.
Charles Brandon
Member
Pretty sure I did say that it should be clamped down on in general, just that Amazon should be at the top of the list by dint of being the biggest and therefore most egregious tax avoider.
The difference between big stores and what amazon are doing is big stores used economies of scale. Amazon uses economies of scale and tax avoidance. They can and should be challenged.
YuriLowell
Member
I pay sales tax on everything i buy on amazon.
djplaeskool
Member
Hahaha
Trump has no business lecturing any entity about taxes.
Just another impotent hit on Bezos.
Trump has no business lecturing any entity about taxes.
Just another impotent hit on Bezos.
Vanillalite
Ask me about the GAF Notebook
Genie is out of the bottle so to speak.
Even with Amazon charging sales tax now there is no way to know how much they benefitted during their initial rise for not charging.
We can't exactly go back now like I said. Genie is out of the bottle.
Even with Amazon charging sales tax now there is no way to know how much they benefitted during their initial rise for not charging.
We can't exactly go back now like I said. Genie is out of the bottle.