Amazon posts 45% fall in net income

I just read in the Mail that Amazon had a bumper Christmas. Who prints this crap?

Boycott Amazon until they pay UK corporation tax commensurate with their UK turnover. And the ridiculous argument that they only make 1.9% profit is no excuse for not paying(entirely reasonable) UK corporation tax which stand at 20%. That might reduce their net profit from 1.9% to 1.8%!

This news item is a bit too summarized and the headline too negative.

Amazon is spending a massive amount in constructing new fulfillment centres, especially in North America, thanks to the success of its premium service which has attracted customers who spend regularly and buy more than the average customer. Amazon is also selling the Kindle at cost sacrificing the potential profit on the hardware for greater profits in the future from users buying downloadable content - the razors-and-blades kind of philosophy that works wonders.

Amazon's profit margin in the US has doubled to 5% thanks in part to fees from third party sellers who sell through the Amazon site. Its global average profit margin is 1.9%. Not much scope for paying outrageous corporation tax and other taxes such we impose in the the UK!!!

Never bet against Jeff Bezos - he plays the long game and is much less concerned with short-term fluctuations. We could do with a few like him in Britain - but then we'd tax them to death.

Yeah right! Another way to manipulate taxation. Show you make no net proffit...

Personally I have no grievance with Amazon as I have found them to be really good and their customer service very helpful over the years which is not what I can say about many other companies!

However I think that this is just the tip of the iceberg regarding less money being spent on items due to this government's constant attempts to curtail benefits, wages and everything else so that the normal working man or woman cannot afford to buy anything nice as a treat now and again.

It is a fact that if you constantly preach a sermon about having no money to spend that you will eventually not spend anything and with such negetive thinking around as it is at present, instead of trying to create wealth by a more upbeat message you will most certainly doom the retail industry and make even more people unemployed.

What are the government doing about them paying very little corporation tax and putting smaller British businesses out of business?

It's a feckin con / tax avoidance tactic.

Perhaps some people have been avoiding Amazon due to its Corporation tax policy. Perhaps people power does work.

perhaps there has been some boycotting of Amazon by people who dont agree with the offshore corporate tax policy used by the company. If so it is good to see people power working.