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Quite surprising, considering the UK financial sector is as corrupt as the US, and the financial-sector-owned, austerity-obsessed Conservatives just won another 5 years to screw up the UK economy.
And why just Amazon?
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.
Quite surprising, considering the UK financial sector is as corrupt as the US, and the financial-sector-owned, austerity-obsessed Conservatives just won another 5 years to screw up the UK economy.
And why just Amazon?
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