Quote:
Originally Posted by HarryT
Yes, welcomed. People like Rizla have been going on for years about how unjust it is that Amazon sell from Luxembourg and charge only 3% VAT as a result. I'm sure he's jumping up and down for joy at the prospect of them being "brought into line" and having to pay the same amount of VAT as UK-based companies.
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Not at all. While I do think large corporations should contribute to society via taxes, including Amazon, I am uncomfortable with this law because it also targets small online retailers with low margins and who are less able to deal with the new red tape. In effect, I think small online retailers should be exempt at least partially from this new ruling. This would encourage genuine entrepreneurship from individuals, rather than encourage world-eating behemoths.