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Old 03.07.2021, 14:06
LtSoftDrink LtSoftDrink is offline
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Re: Are tax havens doomed?

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I seem to recall that Amazon is not caught up as their margin on internet sales is too low, the level is in the detail not the 15% headline rate.
https://www.theguardian.com/business...corporate-rate

The Guardian doesn’t mention the low 10 % margin for merchants you cite but according to NZZ (paywall) a “Lex Amazon” should be included…

"....At the beginning of the planned reform was the idea of certain large countries to generate tax revenues from the largest US technology corporations à la Google, Apple, Facebook and Amazon, even if these corporations do not have local sites. The project has grown far beyond that idea. But the four U.S. corporations mentioned are now likely to be covered by the redistribution plans, according to observers. The biggest question mark was Amazon, whose business as a retailer does not meet the 10% margin threshold. The remedy was a "Lex Amazon." According to this week's OECD statement, it is possible in "exceptional circumstances" for only individual business segments to be considered instead of entire groups. This rule is reportedly intended to ensure that Amazon's profitable business with web services (cloud computing) is covered."

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