posted on Sep, 14 2017 @ 11:13 AM
Amazon is dodging the vat tax in Britain.
Now should I give a damn?
I've been in the business world for a long time. I've had to complete with foreign manufacturing that has no where near the cost of doing business I
am forced to deal with.
"Amazon was accused last night of profiteering from a multi-billion-pound VAT fraud that is pushing British businesses to the wall."
"The scam takes up to £1.5billion a year from Treasury coffers and lets the sellers undercut law-abiding British traders, forcing them to fold or
lay staff off."
"We are talking about billions of pounds of VAT being lost to HMRC and therefore being lost to the UK, and the putting out of business legitimate
firms that are playing by the rules"
Maybe when America has tariffs on imports to level the playing field I'll have a more sympathetic view.
Free trade ain't free.