Amazon Decides To Start Paying Tax In the UK

Mark Wilson sends word that Amazon will begin paying corporate taxes on profits made in the UK. The company had previously been recording most of its UK sales as being in Luxembourg, which let them avoid the higher taxes in the UK. But at the end of last year, UK regulators decided they were losing too much tax revenue because of this practice, so they began implementing legislation that would impose a 25% tax on corporations routing their profits elsewhere. Amazon is the first large corporation to make the change, and it's expected to put pressure on Google, Microsoft, Apple, and others to do the same.

Comments

Re:just what we all love

[AmiMoJo]

You know in sports when someone finds some way to gain an advantage that is technically within the rules but clearly against the spirit of the game? People get annoyed because they expect fair play.

What Amazon and many others are doing is legal, but clearly subverts the intention of the law. We need to run tax more like a D&D session, where any rule lawyering can simply be overruled by the DM and if you piss them off too much a dragon steps on you.