Balanced Question Time panel tonight - of course not! Vol 3
Discussion
Wiccan of Darkness said:
Secondly, Amazon. This boils my piss. I bought some shoes off Amazon a few weeks ago - I paid Amazon £120 but it was a company in London that sent them. Amazon took their cut, say 15% meaning I paid Amazon £120, Amazon then pay shoe shop £102.
Shoe shop then have to pay taxes on the £102, but amazon will only pay tax on the £18 cut they took. If it's 20%, that's why Amazon are paying £3.60 tax on sales of £120.
For some reason, folk eem to think Amazon should be paying £24 tax on my shoe order, despite Amazons cut only being £18.
That is not where the tax is being lost. Shoe shop then have to pay taxes on the £102, but amazon will only pay tax on the £18 cut they took. If it's 20%, that's why Amazon are paying £3.60 tax on sales of £120.
For some reason, folk eem to think Amazon should be paying £24 tax on my shoe order, despite Amazons cut only being £18.
Last year Amazon UK showed profits of £72,000,000 and paid corporation tax of only £4,500,000.
Amazon reports its turnover as a charge to it Luxemborg based parent company, as a cost for delivering product, which came in at just short of £2b.
Did they only make a profit of £73m against a turnover of £2b?
It doesn't matter, it is legal and they will move as much away from the UK back towards Luxembourg as they can where they still enjoy a preferential rate.
Obviously after Juncker was pulled up for the deals he did when he was prime minister of Luxembourg the EU then had to try and show they were doing more and try and recoup some of the tax lost, but it is still a very long way short of what normal companies have to pay and makes it an unfair playing field for anyone trying to trade in retail across Europe.
That is the issue with corp tax, not sales tax.
They were discussing the cost of the refurbishment of Prince Harrys new home, and an audience member asked ' how can it be justified when people have no money to feed their children and young girls cannot afford sanitary products ?'
I ask - why do these people have children when they know, full well, they cannot afford to raise them ??
I ask - why do these people have children when they know, full well, they cannot afford to raise them ??
Wiccan of Darkness said:
Secondly, Amazon. This boils my piss. I bought some shoes off Amazon a few weeks ago - I paid Amazon £120 but it was a company in London that sent them. Amazon took their cut, say 15% meaning I paid Amazon £120, Amazon then pay shoe shop £102.
Shoe shop then have to pay taxes on the £102, but amazon will only pay tax on the £18 cut they took. If it's 20%, that's why Amazon are paying £3.60 tax on sales of £120.
For some reason, folk eem to think Amazon should be paying £24 tax on my shoe order, despite Amazons cut only being £18.
The shoe shop doesn’t pay the tax on £102, only on their cut, same as Amazon...Shoe shop then have to pay taxes on the £102, but amazon will only pay tax on the £18 cut they took. If it's 20%, that's why Amazon are paying £3.60 tax on sales of £120.
For some reason, folk eem to think Amazon should be paying £24 tax on my shoe order, despite Amazons cut only being £18.
gizlaroc said:
Last year Amazon UK showed profits of £72,000,000 and paid corporation tax of only £4,500,000.
Amazon reports its turnover as a charge to it Luxemborg based parent company, as a cost for delivering product, which came in at just short of £2b.
Did they only make a profit of £73m against a turnover of £2b?
3.6% net margin. Not that unusual.Amazon reports its turnover as a charge to it Luxemborg based parent company, as a cost for delivering product, which came in at just short of £2b.
Did they only make a profit of £73m against a turnover of £2b?
gazza285 said:
The shoe shop doesn’t pay the tax on £102, only on their cut, same as Amazon...
The shoe shop does pay tax on the £102. Now, if they are vat registered they can claim back the vat the paid to buy that shoe in of course.
Which I guess is what you were getting at as the same thing, but I thought I should point it out.
You pay 20% vat on the sale price.
You claim back the 20% you paid on the purchase price.
The exception is used product where you pay 16.5% on the difference between the price paid and the price sold. (You would hope not many shoe shops sell used.)
oyster said:
3.6% net margin. Not that unusual.
No, not that unusual. As I said, that doesn't really matter. But I think they should be paying proper corp tax on profits. I say it doesn't matter. The problem is while we have companies that have been allowed to get so big due to tax fiddles when they were growing it puts them in a position where they can dominate and work on a margin where no one else can compete.
Edited by gizlaroc on Friday 28th June 00:10
Most pertinent bit of the programme was when Portillo commented,
"If the Conservatives deliver Brexit thats the end of Labour".
Poor Liz's head hit her ridiculously high espadrilles at that moment. She knows its true.
When the Brexit party's Anne Widdecombe gets a standing ovation at Featherstone Working Mens club, Labour have officially lost the working class.
Cheers,
Tony
"If the Conservatives deliver Brexit thats the end of Labour".
Poor Liz's head hit her ridiculously high espadrilles at that moment. She knows its true.
When the Brexit party's Anne Widdecombe gets a standing ovation at Featherstone Working Mens club, Labour have officially lost the working class.
Cheers,
Tony
ash73 said:
Tony427 said:
Most pertinent bit of the programme was when Portillo commented,
"If the Conservatives deliver Brexit thats the end of Labour".
Poor Liz's head hit her ridiculously high espadrilles at that moment. She knows its true.
He and the Tories are deluding themselves; Brexit will be followed by 2-3 years of bodged FTA negotiations with the opposition parties all crying out "I told you so". And the Brexit Party aren't going anywhere, their mission will be to undermine any political aspects of the FTA."If the Conservatives deliver Brexit thats the end of Labour".
Poor Liz's head hit her ridiculously high espadrilles at that moment. She knows its true.
It's more likely to be the end of the Tory party, imo.
What will happen if labour lose 100 plus seats? It will match their defeat in the Euro elections.
Oh and there's the Anti Semitism to contend with.
So a party thats lost its core support, split from top to bottom with rampant de-selections and rampant anti-semitism, coupled with a power grab by its deputy leader, led by someone with the charisma and intelligence of........ , sorry cant think of anything as useless and unpopular as Corbyn/ Steptoe,..... and with zero chance of being elected, is less likely to fail than a self centered, self interested, unprincipled, well funded party that somehow has governed relatively uninterrupted for the last 100 years.
As I have said before in these hallowed pages, a Conservative/ Brexit Party arrangement for the next election, if Brexit is not delivered, will destroy Labour. If Brexit is delivered by the conservatives prior to the next election with Labour pushing for Remain ticket/ second referendum prior to the election Labour will lose seats wholesale. To stop this Labour cannot campaign for a Remain position, and yet this is exactly what its London centric supporters/ voters want.
Either way Labour is now buggared.
All Boris has to do is to wait for Labour to commit to a Remain position then go for an election.
And Tom Watson will be in position to pick up the pieces afterwards for another try a few years later. And so the game goes on.
Cheers,
Tony
gizlaroc said:
No, not that unusual. As I said, that doesn't really matter. But I think they should be paying proper corp tax on profits.
I say it doesn't matter. The problem is while we have companies that have been allowed to get so big due to tax fiddles when they were growing it puts them in a position where they can dominate and work on a margin where no one else can compete.
Yes. How can a government fix that?I say it doesn't matter. The problem is while we have companies that have been allowed to get so big due to tax fiddles when they were growing it puts them in a position where they can dominate and work on a margin where no one else can compete.
Edited by gizlaroc on Friday 28th June 00:10
Tony427 said:
Let us just think about that for a while. 65% of labour constituences voted leave, lets say 100 MP's. They will be officially toast which is why 24 desperate ones have written to Corbyn telling him exactly that. The others are too terrified of the Momentum thought police.
not necessarily. Peterborough was 62.7% leave, with a criminal incumbent, with brexit party waxing, and Labour still won. Labour would lose seats in the above scenario, but it's not forgone conclusion how many.Halb said:
not necessarily. Peterborough was 62.7% leave, with a criminal incumbent, with brexit party waxing, and Labour still won. Labour would lose seats in the above scenario, but it's not forgone conclusion how many.
Let's see what happens after the postal vote appeal is over.Also, if the Conservatives get a handle on a hard Brexit, a deal will be done with the Brexit party not to cannibalize the vote.
ash73 said:
Tory/TBP alliance won't happen because no-deal is fantasy. And Brexit can't be "delivered" before the next election; unless you naively define Brexit as merely the withdrawal process. The deal will be unchanged, and Labour have an opportunity to expose this Hobson's choice and offer a sensible alternative. Even if they don't, if (when?) the FTA negotiation goes badly people will flock to a Labour party led by someone like Keir Starmer promising to return us to normality, imo.
techiedave said:
I'll 'fess up and admit I didn't watch it
A surprise invite out took precedence
I'll help you out - so you are fully caught up.A surprise invite out took precedence
A random audience member said "We didn't know what we were voting for"
Remainers on panel "Second referendum, put it back to the people"
"I voted Leave - but now I would vote Remain"
Unbusy said:
This Week. Dawn Foster laughing out loud when MP started saying something she clearly didn’t agree with. So rude and arrogant. He kept his cool and I’m waiting for him to take his opportunity to put her down.
He completely destroyed her whole piece in about 10 seconds. Brilliant 
Liokault said:
Let's see what happens after the postal vote appeal is over.
Also, if the Conservatives get a handle on a hard Brexit, a deal will be done with the Brexit party not to cannibalize the vote.
The brexit party backing off would have given Labour a larger margin. The Torys who voted for Brexit did so, the rest stayed blue or stayed homeAlso, if the Conservatives get a handle on a hard Brexit, a deal will be done with the Brexit party not to cannibalize the vote.
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