Update: 21. February 2019
“Amazon: No taxes despite billions of dollars of profit”
“10.8 billion US dollars, pre-tax profit (before the deduction of U.S. taxes) has Amazon for 2018 in the books.
However, the company does not have to pay taxes – on the contrary.
According to the Institute of Taxation an Economic Policy (ITEP), the company received a tax credit of $ 129 million.
This means that Amazon already has a negative tax rate for the second year in a row.
But even in the years before, the company transferred rather small amounts to Washington.
From 2009 to 2018, the Tech giant paid about $ 26.5 billion in taxes of $ 791 million, which corresponds to an effective federal tax rate of three percent.” (Auto translated from this src)
Update: 2019-02-14: “The ECJ (European Court of InJustice) has today ruled that the decision of the European Commission to make 35 companies pay back tax benefits in the amount of EUR 700 million granted by the Belgian state is not legitimate.”
35 companies have been given tax benefits by Belgium and European Commission does not want that – EUCourt says: “you can not decided that”.
“The ruling is a major setback in the fight against tax avoidance in Europe.
However, it is important to stress that the judgment does not refer to the major cases such as Apple, IKEA or Starbucks.
Nevertheless, the judgment shows that state aid law alone cannot stop tax dumping in Europe.
We need mandatory transparency in corporate taxes.
The Blockade of the German federal government against the public tax transparency of large companies must come to an end.
In order to adopt effective measures against tax dumping, the principle of unanimity on tax issues must be abolished in the European Council.
The principle of unanimity is the brake block for greater fiscal justice in Europe.” (translated from German, src)
Starbucks Amazon and Apple are paying almost 0% tax, not even in USA.
This is named financial crime.
Tax Evasion damages trust in (democratic) governments
and their abilities to actually apply their own laws – only tax the poor 40% income plus 19% when spending but not the rich?