This week it was made public that the owner of Amazon donated $98.5 million to different NGOs that help homeless people, something that awoke the nonconformity of the socialist leader of the British Labour Party, Jeremy Corbyn, who on Twitter, urged the businessman to pay his taxes.
The British politician posted on Twitter: “It’s 0.09% of your fortune. Just pay your taxes,” referring to Bezos’s current determination of his net worth and a dispute over corporate tax in relation to Amazon.
According to a report published by The Guardian, the company said last September that it pays less than $121 million in other direct taxes, which include corporate tax and stamp duty, across its entire UK operation.
London professor and economist Richard Murphy “said he would expect Amazon to pay at least £100m [pounds] in corporation tax alone at its UK business, assuming that it made profits at a similar rate to the group as a whole,” The Western Journal quoted.
“If it wants us to believe it is paying the right amount of tax it has got to give enough information. No accounting number make sense in isolation,” Murphy added.
According to The Telegraph, Corbyn, who has described the company’s tax determinations as a ” tax and wage cheat culture,” held a protest last week outside an Amazon warehouse in Yorkshire to instigate multinationals to pay more.
As C. Douglas Golden points out in his opinion piece for the Western Journal, Corbyn has no evidence that with so-called wage tax fraud the company has defrauded anyone. Corbyn has not suggested that it really is a tax fraud, but that his annoyance is because they are not paying what he would like them to pay.
Golden questions Corbyn’s decision to instigate the entrepreneur in relation to the way Bezos decided to invest his money. “Is Corbyn insinuating he’d have put that money for homeless families to better use?”
“That’s why he thinks Amazon is cheating in the first place. Sure, the company wasn’t breaking tax laws, but doesn’t Bezos realize how much good could have been done if that money had just been moved out of Amazon’s hands and into the waiting hands of the government?” Golden added in his opinion piece.
Golden closes the article by saying, “Sure, Jeff Bezos isn’t my beau ideal when it comes to an individual and their personal belief systems. But he deserves nothing but praise for this move—and as for Corbyn, we can only hope the ballot box will help consign neo-trade unionism to the corner of shame it so rightly deserves to inhabit.”