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Amazon's Bezos pledges $10 billion to climate change fight

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The issue of tax dodging needs fixing. As others point out, Amazon (and other corporates) pay taxes due under the existing tax regime.

 

However corporates have payed a role in dictating to governments the tax regimes they, the corporates, want, even to the point of governments lobbying on behalf of the corporates. The US statements wrt UK digital business taxes is an example.

 

The underlying problems is tax laws have not kept pace with new business practices.

 

The EU CCCTB is a step in the right direction in that it requires businesses to pay taxes at the point of transaction ( defined as where the customer is).

 

But business property rates need revising too. High street business are being wiped out by online businesses, in a large part to the disparity in business rates between the High street properties and out of town dispatch centers.

 

High street rates are determined on the basis of ‘access to the market’, it is past the time for online businesses to pay business rates on the same basis ‘access to market’.

 

 

Edited by Chomper Higgot
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5 minutes ago, Chomper Higgot said:

The issue of tax dodging needs fixing. As others point out, Amazon (and other corporates) pay taxes due under the existing tax regime.

 

However corporates have payed a role in dictating to governments the tax regimes they, the corporates, want, even to the point of governments lobbying on behalf of the corporates. The US statements wrt UK digital business taxes is an example.

 

The underlying problems is tax laws have not kept pace with new business practices.

 

The EU CCCTB is a step in the right direction in that it requires businesses to pay taxes at the point of transaction ( defined as where the customer is).

 

But business property rates need revising too. High street business are being wiped out by online businesses, in a large part to the disparity in business rates between the High street properties and out of town dispatch centers.

 

High street rates are determined on the basis of ‘access to the market’, it is past the time for online businesses to pay business rates on the same basis ‘access to market’.

 

 

 

So a business in an out of town location should pay the same as a high street retailer? Please clarify what you mean. 

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15 minutes ago, Cryingdick said:

 

So a business in an out of town location should pay the same as a high street retailer? Please clarify what you mean. 

Both businesses are selling to ‘the market’.

 

The advent of online business has made obsolete the idea that ‘access to the market’ is found on the High Street.

 

Hence taxing businesses on the high street at a higher rate no longer makes any sense.

 

Convesely taxing businesses out of town at a lower rate no longer makes sense.

 

The location is not an indicator of how much market access a business has.

 

An alternative metric is required to determine business rates.

 

 

 

 

Edited by Chomper Higgot
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LOL thank you generous Bezos. Will you also help the unemployed that Amazon created?

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Well, he made his money by exploiting environments. 

And now he gives back a dime. 

I hope other tycoons may follow. 😊

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For a little added perspective. Bezos increased his wealth by $13.5 Billion in a 15 minute period a couple of weeks ago.

 

 

 

 

 

Edited by lannarebirth
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A tale of two billionaires. One pledge charitable donations to fight climate change while the other was ordered by the court to pay 2 M fine for misusing funds from his charity foundation. 

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Probably no coincidence this comes after news of a multi hundred million plus house buy followed by more slave labor amazon press.  These philanthropists are a joke if you actually figure it out it is more of a sacrifice for a poor man to give a bit then these tycoons to give a lot all based on proportions of their income.  A great deal of philanthropy has become little more than a positive press endeavor for the naive masses.  Let's not forget Bezos is originally a wall street guy and its wall street stands to make billions or trillions from carbon trading.

Edited by tlandtday
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11 hours ago, Krataiboy said:

It's hardly surprising that billionaires like Bezosand Gates are tossing their small change into the hats of deranged climate alarmists.

 

As the "green" fourth industrial revolution unfolds, these technocrats are likely to end up running not just mega companies but the entire world.

 

The fate of the rest of us is to be decanted into hi-tech "smart cities" where we will be monitored and controlled around the clock and own . . . nothing.

 

https://www.weforum.org/agenda/2016/11/shopping-i-can-t-really-remember-what-that-is/

Even beyond what Orwell had anticipated.  The wrong people have been running the planet for the last one hundred years.

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10 minutes ago, howbri said:

"A fool and his money are soon parted".

totally agree ... what an absolute waste of 10 billion dollars, that much money would go along way to creating sustainable crops and agricultural projects for the poor and impoverished.

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