everybody now has their home Offshoring kit,
they've decided to screw the countries that have
allowed them to open up their shops, with
handouts for the biggest of the businesses.
I'm talking retail and services. Walmart and their
civic barn building bees, paid for by the rubes
who don't know enough to keep Walmart
out of town.
Another shining golden child of the dot com
era, Amazon, is also screwing the Penn
people by not paying tax on out of state
mailings.
That's besides the offshoring.
Nicholas Shaxson once showed us the post box
that is Boot Drugstore chain, in Geneva. A tax
exile with an office in a box.
part of the blurb on the youtube page:
"Boots was taken over by an American holding company. Shortly after, the long-established British company moved its headquarters to a post office box in Switzerland, so that it can avoid paying UK taxes. Consequently, its tax bill fell from £100million to just £3 million - about 3% of its profits (less than rate of income tax a person on minimum wage pays!)."
You do understand that if a company takes
customer money, and doesn't pay tax, and then sends
profits offshore (which Amazon does), then they
are vaccuuming the wealth of a nation out. That's
mercantilism. Governments are doing nothing
to stop this.
That type of mercantilism was what the big
empires used to do to Africa and other places
they owned. Now it's come home to roost.
checkit: Denninger
Amazon Is Slowly Losing The Tax War
Yet another domino goes down...
HARRISBURG, Pa. -
Beginning Saturday, Amazon.com Inc. will start collecting Pennsylvania sales tax on orders that are shipped to the state, a spokesman said Wednesday.
The online retail giant had previously refused to register to collect Pennsylvania's 6 percent levy on its orders. But a spokesman said the company reversed itself because a state directive requiring it takes effect Saturday.
Amazon has had facilities in Pennsylvania for quite a while. How they've managed to get away with this for the length of time they have is a mystery -- they have six warehouses in the state!
This is, incidentally, one of the improper advantages that Amazon has levered into their position in the marketplace. Smaller companies who wanted to put a warehouse in PA to cut down shipping costs almost-certainly wound up paying sales tax. We did back in the 1990s when we had a colocation facility in Wisconsin -- the act of leasing that office was enough to be considered (in the opinion of our counsel) nexus, and thus trigger tax reporting and collection.
Is everything in this economy some sort of scam?
