The first cut is the deepest

[MNW67]

25.74%

I was going to say about a quarter!

 

[MNW67]

How much should they have paid? What was their taxable profits?

I have been reading that profits should be about £2.5 billion based on turnover. But it seems impossible to get the actual figures.

 

[noseall]

How much should they have paid?

No idea.

What was their taxable profits?

Dunno.

 

[Notch7]

25.74%

do you think any of the following are benefit scroungers:

people on NHS waiting list like knee or back operation
people with terminal illnesses
people with progressive illnesses
people born with disabilities for example CP
women who are suffering PTSD from domestic violence
women who have left abusive relationships but have young children

 

[noseall]

I have been reading that profits should be about £2.5 billion

£20m is a pi$$ take. Sounds like Rishi handed Amazon a get out of jail free card.

 

[MNW67]

£20m is a pi$$ take. Sounds like Rishi handed Amazon a get out of jail free card.

It's all far too complex for me. Isn't most of the profit booked in other countries somehow. I remember one of these American mega corps once made an "offer" to pay a small amount of tax.

 

[noseall]

It's all far too complex for me. Isn't most of the profit booked in other countries somehow. I remember one of these American mega corps once made an "offer" to pay a small amount of tax.

It's all 'off shore'. Amazon, like any other mega-corp' is based (for tax domain purposes) somewhere in the ocean.

 

[motorbiking]

It's all 'off shore'. Amazon, like any other mega-corp' is based (for tax domain purposes) somewhere in the ocean.

Apparently not

 

[diy_fun_uk]

.

 

[motorbiking]

It's all far too complex for me. Isn't most of the profit booked in other countries somehow. I remember one of these American mega corps once made an "offer" to pay a small amount of tax.

I have been reading that profits should be about £2.5 billion based on turnover. But it seems impossible to get the actual figures.

That would be net profit based on total U.K. sales 27bn using net margin at the corporate published rate. 10.85%.

It ignores a company’s ability to apply internal charges differently, which they mostly do.

Starbucks famously charged royalties on its intellectual property, which it based in Denmark, due to the ability to pay zero tax on IP there.

In the case of Amazon, Rishi created a capital deferral rate of 130% so a lot opted to pay taxes in the U.K. If only Rachel from accounts could see that tax breaks for big corporations lead to more taxes being paid.

 

[fillyboy]

do you think any of the following are benefit scroungers:

people on NHS waiting list like knee or back operation
people with terminal illnesses
people with progressive illnesses
people born with disabilities for example CP
women who are suffering PTSD from domestic violence
women who have left abusive relationships but have young children

Small fry, the big bucks go to ADHD and Anxiety.

 

[motorbiking]

Small fry, the big bucks go to ADHD and Anxiety.

And fatties who could self help

 

[MNW67]

Small fry, the big bucks go to ADHD and Anxiety.

My first google on this:

In 2023, there were 52,989 PIP claimants with ADHD listed as their main disabling condition. This makes it the fourteenth most common condition

 

[motorbiking]

Anxiety seems to be high up on the list. Fear of work?

 

[JohnD]

TAX THE RICH, TAX THE RICH, TAX THE RICH!!!

Really?

If you want to get some money, can you get it from people who've got some? Or from people who haven't?