Amazon Pays No UK Income Tax, Under Investigation 175
New submitter artciousc writes with news that Amazon is dodging taxes in the UK. From the article: "Regulatory filings by parent company Amazon.com with the U.S. securities and exchange commission show the tax inquiry into the UK operation, which sells nearly one in four books sold in Britain, focuses on a period when ownership of the British business was transferred to a Luxembourg company."
Clever trick there: "The UK operation avoids tax as the ownership of the main Amazon.co.uk business was transferred to a Luxembourg company in 2006. The UK business is now owned by Amazon EU Sarl and the UK operation is classed only as an 'order fulfilment' business." The HMRC is investigating the legality.
Re:Taxes and trade are complicated (Score:5, Interesting)
What if Caesar demands 100%? Or if caesar orders us into a concentration camp, because we're asian? What then Jesus?
BTW most of Jesus' words are not his words. They were written decades after his death by church members who had never met the man. (Just like the story about George Washington chopping-down a cherry tree.) (Or the story about King Arthur.)