The MPs include Public Accounts Committee chairman Margaret Hodge who said “It’s hugely important that we all take a stand and damage the reputation and business of companies such as Amazon that deliberately avoid paying their fare share of tax to the common purse for the common good. If enough people boycott Amazon then we will damage their business. Amazon’s market share and reputation matters”.
Frankly I think Ms Hodge is missing the point for several reasons. Firstly my first reaction was no one will listen. Whilst the general public might agree with her in principle, shoppers are going to be far busy buying from Amazon to actually care.
Secondly what about all the 3rd party retailers that sell on Amazon. We know Amazon makes profit from 3rd party sales as well as from their own retail operation, but Ms Hodge doesn’t seem to understand that whilst the entire country are boycotting Amazon they will be putting a ton of small retailers onto the dole queues.
Finally and most importantly MPs still don’t seem to get it! Companies will only change their tax policies when MPs change the country’s tax laws and probably international tax laws as well. Why don’t they focus on giving HMRC the ability to levy taxes that MPs think should be paid in the UK instead of trying to ask consumers to go and buy elsewhere at higher prices?
At the end of the day every retailer would like to put their prices up and make more profit. Equally every consumer would like to buy at the best possible price and if that’s Amazon then that’s where they’ll be heading this weekend.
Personally I’m waiting until 12.30pm when the Cel WS3 POWER8 Lithium 18V Cordless Workshop goes live…. I do hope it’s a cracking discount off the £429.90 regular price.
You can browse all upcoming Amazon Black Friday deals on the Amazon website so you know what time the bargains you want will have their prices slashed.