Author Topic: Ever Declining Town Centre  (Read 41336 times)

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Offline PAV

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Re: Ever Declining Town Centre
« Reply #60 on: March 08, 2015, 10:04:52 AM »
The high street book store will have higher rent. I also imagine that it is much harder for a physical store to avoid tax. Amazon have lower overheads and pay very little tax, by claiming to be based in Jersey or Luxembourg or wherever. I think it was Amazon who were running a clever tax scam. They buy their cardboard boxes from a subsidiary company based in Luxembourg at a vastly inflated price. As a result, the UK company selling the books makes very little profit and pays virtually no tax. The subsidiary company makes a huge profit by selling the boxes, but is based overseas and avoids UK tax.

It must be hard for high street shops to compete with this online trickery.

What competativ advantage does Amazon gain from reducing its corporation tax liability?

Offline Tobes

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Re: Ever Declining Town Centre
« Reply #61 on: March 08, 2015, 11:13:41 AM »
Quote
What competativ advantage does Amazon gain from reducing its corporation tax liability?

..... ???

Cheaper prices?

Presumably competitors need to factor taxation into their profit margin... So unless I'm missing something, that looks like a major competitive advantage to me.
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Offline PAV

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Re: Ever Declining Town Centre
« Reply #62 on: March 08, 2015, 12:18:00 PM »
Quote
What competativ advantage does Amazon gain from reducing its corporation tax liability?

..... ???

Cheaper prices?

Presumably competitors need to factor taxation into their profit margin... So unless I'm missing something, that looks like a major competitive advantage to me.

Corporation tax is paid on profits. How does that lead to cheaper prices?

Offline Spunkymonkey

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Re: Ever Declining Town Centre
« Reply #63 on: March 08, 2015, 03:41:19 PM »
Corporation tax is paid on profits. How does that lead to cheaper prices?

A company needs to make a certain level of profit to make the business worth while. Paying less tax means they don't have to make as much profit to achieve the same result. This means they can charge less.

It is a bit like a builder doing a job for cash in hand. If he isn't paying tax he can charge less.

In Amazon's case they make huge profits but pay very little tax.

Offline Tobes

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Re: Ever Declining Town Centre
« Reply #64 on: March 08, 2015, 04:55:16 PM »
Quote
A company needs to make a certain level of profit to make the business worth while. Paying less tax means they don't have to make as much profit to achieve the same result. This means they can charge less.

It is a bit like a builder doing a job for cash in hand. If he isn't paying tax he can charge less.

In Amazon's case they make huge profits but pay very little tax.

Concisely, clearly and unambigously explained Spunky.

:clap:
I do not agree with what you have to say, but I'll defend to the death your right to say it - [attributed to] Voltaire... 'Entia non sunt multiplicanda praeter necessita' - William of Occam.... 'You have a right to feel offended, but just cos you are offended doesn't mean you are right'

Offline Tobes

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Re: Ever Declining Town Centre
« Reply #65 on: March 08, 2015, 05:02:35 PM »
http://www.theguardian.com/technology/2012/apr/04/amazon-british-operation-corporation-tax

Quote
Amazon.co.uk, Britain's biggest online retailer, generated sales of more than £3.3bn in the country last year [2012] but paid no corporation tax on any of the profits from that income – and is under investigation by the UK tax authorities.

Regulatory filings by parent company Amazon.com with the US securities and exchange commission (SEC) show the tax inquiry into the UK operation, which sells nearly one in four books sold in Britain, focuses on a period when ownership of the British business was transferred to a Luxembourg company.

The SEC filings, highlighted by Bookseller magazine, show that in the past three years, Amazon has generated sales of more than £7.6bn in the UK without attracting any corporation tax on the profits from those sales.


 :popcorn:

Quote
The UK operation avoids tax as the ownership of the main Amazon.co.uk business was transferred to a Luxembourg company in 2006. The UK business is now owned by Amazon EU Sarl and the UK operation is classed only as an "order fulfilment" business. All payments for books, DVDs and other goods go directly to Luxembourg. The UK business is simply a delivery organisation.


I do not agree with what you have to say, but I'll defend to the death your right to say it - [attributed to] Voltaire... 'Entia non sunt multiplicanda praeter necessita' - William of Occam.... 'You have a right to feel offended, but just cos you are offended doesn't mean you are right'

Offline Tobes

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Re: Ever Declining Town Centre
« Reply #66 on: March 08, 2015, 05:07:08 PM »
... and two years on, its still happening:

Quote
Shoppers have been urged to boycott Amazon's British business after it paid just £4.2m in tax last year, despite selling goods worth £4.3bn – more than the UK sales of Argos, Dixons or the non-food arm of Marks & Spencer.

Margaret Hodge, chair of the public accounts committee, said shoppers should find alternatives to the Seattle-headquartered retailer, after consumer action persuaded coffee chain Starbucks to resume UK tax payments last year.

"It is an outrage and Amazon should pay their fair share of tax," said Hodge. "They are making money out of not paying taxes. I no longer use Amazon. We should shop elsewhere. What we demonstrated with Starbucks is the power of the consumer voice."

Amazon's most recent charge brings to just over £10m its contribution to the public purse through corporation tax in a decade. Over the last four years, Amazon has generated £23bn in British sales. It made a tax contribution of £3.2m the previous year.

Amazon is able to pay low tax because when shoppers in Europe buy from any of its local websites, the payment is taken by a subsidiary based in the low tax jurisdiction of Luxembourg. A British shopper's bank statement will show a payment to Amazon EU S.à.r.l. rather than Amazon.co.uk.

I do not agree with what you have to say, but I'll defend to the death your right to say it - [attributed to] Voltaire... 'Entia non sunt multiplicanda praeter necessita' - William of Occam.... 'You have a right to feel offended, but just cos you are offended doesn't mean you are right'

Offline Muggins

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Re: Ever Declining Town Centre
« Reply #67 on: March 08, 2015, 05:35:23 PM »
Ah Ah, so us book purchasers are a lowly lot of tax dodgers!! 
Oi! Listen mush. Old eyes, remember? I’ve been around the block a few times. More than a few. They’ve knocked down the blocks I’ve been around and rebuilt them as bigger blocks. Super blocks. And I’ve been round them as well.  The Doctor (Night Terrors)

Offline Mellon

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Re: Ever Declining Town Centre
« Reply #68 on: March 08, 2015, 08:38:19 PM »
... and two years on, its still happening:

Quote
Shoppers have been urged to boycott Amazon's British business after it paid just £4.2m in tax last year, despite selling goods worth £4.3bn – more than the UK sales of Argos, Dixons or the non-food arm of Marks & Spencer.

Margaret Hodge, chair of the public accounts committee, said shoppers should find alternatives to the Seattle-headquartered retailer, after consumer action persuaded coffee chain Starbucks to resume UK tax payments last year.

"It is an outrage and Amazon should pay their fair share of tax," said Hodge. "They are making money out of not paying taxes. I no longer use Amazon. We should shop elsewhere. What we demonstrated with Starbucks is the power of the consumer voice."

Amazon's most recent charge brings to just over £10m its contribution to the public purse through corporation tax in a decade. Over the last four years, Amazon has generated £23bn in British sales. It made a tax contribution of £3.2m the previous year.

Amazon is able to pay low tax because when shoppers in Europe buy from any of its local websites, the payment is taken by a subsidiary based in the low tax jurisdiction of Luxembourg. A British shopper's bank statement will show a payment to Amazon EU S.à.r.l. rather than Amazon.co.uk.




feel free to email Jeff Bezos ......ive heard he does reply...... jeff@amazon.com
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Offline Terry Reynolds

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Re: Ever Declining Town Centre
« Reply #69 on: March 09, 2015, 09:49:50 AM »
While I agree with the tax issue, I fail to understand why that woman Hodge, can make any comment on anyone, with her track record.....

Offline Tobes

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Re: Ever Declining Town Centre
« Reply #70 on: March 09, 2015, 10:21:46 AM »
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I fail to understand why that woman Hodge, can make any comment on anyone, with her track record....

Come on Tel, everyone's capable of making an accurate comment, regardless of their political prejudices... Even you!!!  :wink: (and me... maybe, now and again)
I do not agree with what you have to say, but I'll defend to the death your right to say it - [attributed to] Voltaire... 'Entia non sunt multiplicanda praeter necessita' - William of Occam.... 'You have a right to feel offended, but just cos you are offended doesn't mean you are right'

Offline Terry Reynolds

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Re: Ever Declining Town Centre
« Reply #71 on: March 09, 2015, 12:33:21 PM »
Tobes, you must remember when she was the council leader, in London, when the care home the council, was so say looking after, was looked into and it was found that several boys and girls were being used as rent boys and prostitutes, also the use of drugs was out of control,  the home was closed, the children were taken to other areas, and the staff were allowed, with glorious write ups from the council to go and get other jobs, she claimed that it was a media hunt and nothing to do with her. not one member of staff was charged with any offence..
I wouldn't call that political prejudice, just plain ignorant and looking the other way..
So I would ask, how is it that she is now in such a position to slate others..

Offline Tobes

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Re: Ever Declining Town Centre
« Reply #72 on: March 09, 2015, 12:46:27 PM »
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So I would ask, how is it that she is now in such a position to slate others

Well, you're right to point out her failings, but that doesn't make even 50% of what she says untrue - any more than because I think some of the the things you say are wrong, means you're always wrong Terry.

 
I do not agree with what you have to say, but I'll defend to the death your right to say it - [attributed to] Voltaire... 'Entia non sunt multiplicanda praeter necessita' - William of Occam.... 'You have a right to feel offended, but just cos you are offended doesn't mean you are right'

Offline Terry Reynolds

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Re: Ever Declining Town Centre
« Reply #73 on: March 11, 2015, 09:24:29 AM »
Tobes, yes its the mail again, and today there is an article by Sarah Vine, called Hodge the Hypocrite. so its not just me that thinks this way.. excellent read, please do so..

Offline wayo

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Re: Ever Declining Town Centre
« Reply #74 on: April 11, 2015, 10:03:04 PM »
Yup. Pathetic, isn't it?

Even the Disney Store is closing - as though all the PR puff and spin about Swindon being 'twinned' with Disney World was just some dim and distant memory.

The town centre is now in TERMINAL decline, and our unelected quango Forward Swindon seem to be bereft of any meaningful strategy to counter it. The only 'answer' as far as the large money hedgers are concerned is to continually expand the night time economy - meaning Swindon now has ever more franchise and chain restaurants. But these do not create a diverse and entrepreneurial high-street. They also have a huge social and financial cost in the form of the extra late night policing they require (just check the Adver each week for endless stories of fights and drunkenness)


I agree.

The loss of NEXT and the Disney Store will be crucial as they are the sort of unique 'high order' trip attractors that any town centre cannot afford to lose. Each one of these is one less reason to visit, fewer visits and further closures. The 2for1 H&M store is a glimmer of hope, but they already have a large store, it is a bit like when BhS moved up the road, unless something its equal like with River Island takes over the old plot.

To be fair SBC seem to be trying with what little they have - every weekend they have funfairs, vintage car displays ANYTHING to try and offer a different experience, but it is utter desperation when you look at what Bath etc... have that Swindon doesn't.

They (or we?) have been hoisted by their own petard - they should NEVER have allowed the hospital and the police station to go out of town. Two of the biggest and highest order employers in the borough, the former probably one of the biggest trip generators in the borough, now marooned in their respective fields served by 95% car trips from driveway to car park via Stratton Retail Park. You cannot underestimate how many town centre trips have been lost. It is not like Swindon town centre could afford to lose them, or didn't have abundant unused, underutilized brownfield land close to the town centre either.

We used to study doughnut cities at school with reference to the Meadowhall Shopping Centre in Sheffield. Swindon is fast a becoming far better example - a doughnut, run by doughnuts, but without a ring road. Next they will come up with some daft idea like a large scale development around the A419 bypass, such that in 10 years a new bypass is required to bypass the old bypass.

Offline Tobes

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Re: Ever Declining Town Centre
« Reply #75 on: April 12, 2015, 11:04:03 PM »
Quote
We used to study doughnut cities at school with reference to the Meadowhall Shopping Centre in Sheffield. Swindon is fast a becoming far better example - a doughnut, run by doughnuts

 ;D  :clap:

Bang on!

Though in fairness to our current incumbents, this town (from a planning perspective, at least) appears to have been mismanaged by several generations of numpties. This FUBAR has been a long time in the making.
I do not agree with what you have to say, but I'll defend to the death your right to say it - [attributed to] Voltaire... 'Entia non sunt multiplicanda praeter necessita' - William of Occam.... 'You have a right to feel offended, but just cos you are offended doesn't mean you are right'

Offline Geoff Reid

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Re: Ever Declining Town Centre
« Reply #76 on: April 12, 2015, 11:42:05 PM »
To be fair SBC seem to be trying with what little they have - every weekend they have funfairs, vintage car displays ANYTHING to try and offer a different experience, but it is utter desperation when you look at what Bath etc... have that Swindon doesn't.

What SBC appear to have done is utterly ignore, (or actively drive out in some cases), bread and butter basics and instead pour millions upon millions of our tax-pounds into the unproductive money pit previously known as 'The New Swindon Company' and more latterly 'Forward Swindon'.

A worse example of politically produced and fiscally idiotic, premature ejaculation of public funds will take some finding although what passes for council leadership here is still calling it 'investment'.

Were rode around and into Bath last weekend. Lovely atmosphere.  SBC could learn a lot about the public realm and how street performers, buskers and even the odd demonstrator or two breathe life into and add colour to a place.

But they won't.

Offline Tobes

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Re: Ever Declining Town Centre
« Reply #77 on: April 13, 2015, 08:25:43 AM »
Funnily enough, I've heard a councillor talking about a proposal for a scheme to link the outlet to the town centre to provide that missing connection - something sounding very much like the proposal I made when rejecting the pointless canal; to provide a short length of track to run a loco plus a couple of carriages between stops at STEAM and the town centre...

Remember where you heard it first, folks.
I do not agree with what you have to say, but I'll defend to the death your right to say it - [attributed to] Voltaire... 'Entia non sunt multiplicanda praeter necessita' - William of Occam.... 'You have a right to feel offended, but just cos you are offended doesn't mean you are right'

Offline Outoftowner

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Re: Ever Declining Town Centre
« Reply #78 on: April 13, 2015, 09:09:27 AM »
Wot?.............. Like a mono-rail Tobes?
What's it all about?

Offline Tobes

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Re: Ever Declining Town Centre
« Reply #79 on: April 13, 2015, 10:04:04 AM »
A mono-rail, preferably an unproven high-tech one offering all sorts of free advantages and sold to them by, I dunno, someone with a string of abandoned businesses behind them who has no knowledge about public transport?

No, what I had in mind was something unique and with a direct link to Swindon's once proud 19th and 20th century heritage, which would also provide a useful service in the 21st.
I do not agree with what you have to say, but I'll defend to the death your right to say it - [attributed to] Voltaire... 'Entia non sunt multiplicanda praeter necessita' - William of Occam.... 'You have a right to feel offended, but just cos you are offended doesn't mean you are right'