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European Commission demands Amazon's tax records

  • Officials are demanding Luxembourg transfer over Amazon's (AMZN) tax records, following the European Commission's investigation into corporate tax codes in Ireland, Luxembourg and the Netherlands.
  • The probe is examining the low tax rates global companies pay in the three countries, and will make known if their tax deals are allowed under EU law.
Comments (14)
  • stoj
    , contributor
    Comments (299) | Send Message
     
    1 word, Commies
    4 Jul, 08:40 AM Reply Like
  • stopthe
    , contributor
    Comments (121) | Send Message
     
    Yeah, because corporations shouldn't have to pay taxes. After all, they don't use any public infrastructure, they don't benefit from the rule of law, and the very structure of a corporation is not a privileged risk-firewall that protects owners from the consequences of management's decisions carried out in their interest.

     

    *cough*
    4 Jul, 10:43 AM Reply Like
  • James Sands
    , contributor
    Comments (1998) | Send Message
     
    Corporations would be more than willing to partner with government, if government had a clue about anything. This is what creates the rift. Plain and simple corporations think government employees are very very very stupid.

     

    I have been a government employee, so I have been on the stupid side.
    4 Jul, 10:47 AM Reply Like
  • gensearch2
    , contributor
    Comments (1430) | Send Message
     
    Look up "communism" in a dictionary.
    4 Jul, 08:02 PM Reply Like
  • gensearch2
    , contributor
    Comments (1430) | Send Message
     
    The only "partnering" corporations are interested in is taking government money.
    4 Jul, 08:08 PM Reply Like
  • Budavar
    , contributor
    Comments (1387) | Send Message
     
    The appetite for our cash by Socialist politicians knows no bounds.

     

    Note = AMZN's existential threat ALIBABA
    is safely ensconced in Singapore +
    other safe places, out of reach from the greedy pols.
    4 Jul, 09:54 AM Reply Like
  • Retired and loving it
    , contributor
    Comments (236) | Send Message
     
    Interesting. But I have one comment. It is cheaper to pay taxes than to hire body guards.
    4 Jul, 10:31 AM Reply Like
  • stopthe
    , contributor
    Comments (121) | Send Message
     
    Sure, you can have "low" taxation, just like Singapore -- as long as you're willing to serve a dictator.

     

    Here's a newsflash: the public in those "socialist" countries are the most content, the healthiest, and the most productive in the world. That's right, even more productive than their state-of-nature (read: "free", as in "free" to starve) crony-capitalist counterparts.
    4 Jul, 10:46 AM Reply Like
  • James Sands
    , contributor
    Comments (1998) | Send Message
     
    Budavar,

     

    Do you know anything about Alibaba other than their name and that they have e-commerce operations? They are not a threat. They have plenty of competition to keep them focused in China and Asia.

     

    Your negative bias on Amazon has clouded your ability to assess other companies perhaps.....
    4 Jul, 10:55 AM Reply Like
  • Retired and loving it
    , contributor
    Comments (236) | Send Message
     
    I guess there are two ways to solve the problem of tax inversion mergers. The U.S. could drop corporate tax rates and remove the incentive to migrate to Ireland or the EU could declare that Ireland is illegally subsidizing businesses with an extraordinarily low tax rate.
    4 Jul, 10:30 AM Reply Like
  • gensearch2
    , contributor
    Comments (1430) | Send Message
     
    In ~1950 corporate taxes were about 30% of all revenue collected by the Fed. Now corporate taxes are about 13% of all revenue collected by the Fed.

     

    http://bit.ly/1n2ymyS

     

    How low should corporate tax rates be lowered? Are you as an individual tax payers willing to pick up the difference?
    5 Jul, 08:38 AM Reply Like
  • stoj
    , contributor
    Comments (299) | Send Message
     
    "Tax" always falls on the individual, in the end. Unless that Individual can mooch subsidies/benefits that are greater than his/her total taxation under a lifetime ( which many succeed in doing ) large government is negative. Amzn is far from the only company registering in "low" tax Countries, but we do have separate Countries on this Planet, not everything is ruled by gobal control. Further, Amzn is already paying a lot of taxes, in every country it's operating in, and drives revenue +sales, for all neighboring economies + benefits consumers ( at the cost of local business with too high margin and/or cost ) Now. Why the **** would Amzn submit to a global tax ? while it's simultaneously being blocked from operating in half the World, and lobbied against locally everywhere. The Lords and Kings in ( the imminent fiasko ) "EU" who want to control Amzn, have nothing to offer in return. No even play field, anywhere. That's right, they can not offer a "rule of law", as they can merely threaten to sue, according to their own views, and that, my "friends", is the essence of Communism, of which every EU citizen is a proud bearer.. Still being prone to Madness and World Wars, this is not Sparta. It's the arbitrary chaos of Europe, and an organisation that says it's formed to protect against conflict and global Wars, have started so many rebellions from within, but you never hear it from "the center". The bullshit will evaporate, and it will fail. Germany didn't go to war, to "take over the World", they went to war to fight against, and get rid of ( once and for all ) this very behavior of Countries/organisations trying to control other Countries, that are none of their businees
    6 Jul, 04:10 AM Reply Like
  • gensearch2
    , contributor
    Comments (1430) | Send Message
     
    The EU is not trying to control AMZN, they're trying to control the countries within the EU. They're trying to minimize what their members do in their tax code that results in companies creating artificial companies to avoid taxes.

     

    You've created your own fantasy of the definition of communism. Try a dictionary and then move "up" to wiki.

     

    If you wish to insist on using your view of the essence of communism, then all we live in is a communist world. In which case there's no point in talking about communism any longer.
    6 Jul, 08:09 AM Reply Like
  • manfredthree
    , contributor
    Comments (1454) | Send Message
     
    Maybe a little pushback for the heavy hand on Barclays, Paribas and others ?
    4 Jul, 09:25 PM Reply Like
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