Comment Re:just what we all love (Score 1) 243
Amazon doesn't make profit in any country. But hey, would you prefer they sent the money from the UK immediately to Seattle? If the USA and EU were in a single trade bloc then they could certainly do that and cut Luxembourg out of the equation, but it wouldn't make any difference to the UK's tax take.
Amazon doesn't make profit in any country.
That may be true at the moment, because they're plowing most of it back into capital expenditure, but in the long run, it would be expected to not carry on like that. And that's also why Amazon were the first to declare that they're doing this; it doesn't cost them much right now.
But hey, would you prefer they sent the money from the UK immediately to Seattle? If the USA and EU were in a single trade bloc then they could certainly do that and cut Luxembourg out of the equation, but it wouldn't make any difference to the UK's tax take.
If they were making profits it certainly could.
Luxembourg is a tax haven, very low tax rates. But if they were declared in the UK, then there's a bigger tax take there. The UK would also probably claim tax on profits that wasn't paid in other countries like the USA that was due to economic activity in the UK.