Boris Johnson told Jeff Bezos Amazon has to pay fair share in taxes

 									boris johnson								,  									jeff bezos								,  									taxes

UK Prime Minister Boris Johnson met with Jeff Bezos in New York on the sidelines of the United Nations general assembly. Michael M. Santiago/Pool via REUTERS

UK Prime Minister Boris Johnson said he told Amazon founder Jeff Bezos that the e-commerce behemoth must pay its fair share in taxes.

Johnson met with Bezos and his gal pal Lauren Sanchez on Monday in New York on the sidelines of the United Nations general assembly, which kicked off Tuesday.

“What I did say to him was that we in the UK feel very strongly that the internet giants need to be making their fair share of contribution in tax,” Johnson told ITN on Tuesday of the meeting.

“When you sell many many billions worth of goods in the UK then you’ve got to expect to be taxed fairly in the UK,” he added.

“We need a digital sales tax, a proper way of making sure that we’re fairly taxing these enormous global businesses — just as we tax high street shops.”

Asked by Channel 5 how Bezos responded, Johnson said, “He’s a capitalist and he made the very important point that this is a job for governments. And tax isn’t something that he’s going to pay as an ex gratia act of kindness.”

 									boris johnson								,  									jeff bezos								,  									taxes

British Prime Minister Boris Johnson welcomed Jeff Bezos and his girlfriend Lauren Sanchez to the UK diplomatic residence in New York City.

Michael M. Santiago/Pool via REUTERS

“It’s up to governments to come up with the right framework,” Johnson added.

Amazon, which made Bezos — its former CEO and current executive chairman — the world’s richest man, has faced scrutiny over whether it pays enough in taxes given its booming business.

Even as Amazon’s UK revenue jumped by more than 50 percent in 2020 to nearly nearly $28.2 billion, its UK division paid just $25 million in direct taxes, The Guardian reported earlier this month.

 									boris johnson								,  									jeff bezos								,  									taxes

“We need a digital sales tax, a proper way of making sure that we’re fairly taxing these enormous global businesses,” Prime Minister Boris Johnson suggested.

PA Images/Sipa USA

When asked if Bezos accepted that Amazon isn’t paying enough taxes in the UK, Johnson said, “This is a guy who’s making … he has to operate within the commercial framework, within the laws as he finds, that’s what he does.

“We’re trying to make sure we change so as to be fair to the taxpayer, fair to other businesses in the high street and elsewhere,” Johnson said Tuesday.

Policy makers around the world have increasingly embraced the notion of a global digital tax meant to focus on multinational Big Tech firms like Amazon with the goal of making sure companies pay taxes based on where they actually operate.

 									boris johnson								,  									jeff bezos								,  									taxes

Jeff Bezos has faced scrutiny over whether Amazon pays enough in taxes given its booming business.

PA Images/Sipa USA

Group of Seven finance ministers agreed on a framework deal for the tax in June, with details expected to be finalized in time for the Group of 20 meeting next month.

On top of taxes, Johnson also broached Bezos’ recent pledge of $1 billion in conservation efforts globally.

The pledge was announced Monday through the Bezos Earth Fund, which Bezos started in 2020 to dole out his $10 billion commitment to fight climate change.

 									boris johnson								,  									jeff bezos								,  									taxes

Prime Minister Boris Johnson and Jeff Bezos also discussed Bezos’ recent pledge of $1 billion in conservation efforts globally.

Michael M. Santiago/Pool via REUTERS

This week’s $1 billion pledge will focus on efforts in Central Africa’s Congo Basin, the tropical Andes region and the tropical Pacific Ocean, all of which are key areas for biodiversity, the announcement said.

“Amazon is coming to the rescue of the Amazon,” Johnson joked at his meeting with Bezos.

Bezos replied, “In part, we are going to start with the Congo basin, we are going to start with some rain sanctuaries, in the Andes — two different areas.”

Internet Explorer Channel Network
News Related

OTHER NEWS

Cryptocurrency: AMC reveals it may create its own cryptocurrency

Photo by: Sergei Tokmakov Terms.Law/Pixabay AMC Theaters is still so hyped up about cryptocurrency, and this is evident in the moves that the company is taking related to blockchain. In ... Read more »

Hospitality chiefs warn ministers not to reimpose Covid rules

Hospitality bosses have warned Boris Johnson that reimposing coronavirus rules this winter would force many pubs, bars and restaurants to ‘go to the wall’.  Spiking Covid-19 case numbers have prompted ... Read more »

The Mash Report had to censor quotes from Boris Johnson as they violated brand guidelines

© The Mash Report/Dave/ANDY RAIN/EPA bjdave.png Satire show the Mash Report said they were forced to censor quotes from Boris Johnson because they “violated our brand guidelines”. In a mock ... Read more »

Fatiguée, Élisabeth II a passé une nuit à l'hôpital pour des « examens préliminaires »

© Chris Jackson Outre-Manche, les mauvaises nouvelles s’enchaînent du côté de Buckingham. Après avoir annulé son déplacement de deux jours en Irlande du nord, au côté de Boris Johnson, Élisabeth ... Read more »

LG vowed to create more jobs and hire over 30,000 young jobseekers in South Korea

Photo by: LG Website LG Group recently made a pledge to generate thousands of new jobs and hire young people in the next three years. The company said on Thursday, ... Read more »

Google shaves Play Store fees following pressure from lawmakers

Photo by: Photo Mix/Pixabay Google is reducing its service fees in its Google Play app store, and the company made the announcement on Thursday, Oct. 21. The tech headquartered in ... Read more »

CJ ENM reportedly acquiring SM Entertainment and in the stage of finalizing deal

Photo by: CJ ENM/YouTube CJ ENM, one of the most well-known entertainment companies in South Korea, is said to be buying SM Entertainment, another leading firm in the country's entertainment ... Read more »

Naver, Kakao seek network usage fees from Netflix

Photo by: Tumisu/Pixabay Naver and Kakao are asking Netflix to pay them for the use of their network so it can provide service to its subscribers in South Korea. The ... Read more »

Price rise for owner-occupied homes continues to rise

The Hague Existing owner-occupied homes were 18.5 percent more expensive in September than one year previously. That is the largest price increase since July 2000. The price increase weakened somewhat ... Read more »

Boris Johnson news – live: PM ‘selling out' workers, says Labour as Tories urged to alter ‘anti-refugee bill'

LIVE – Updated at 08:03 © Getty Images GettyImages-1228800348.jpg Labour has accused Boris Johnson of “selling out” workers by not attempting to end the “firing and rehiring” of staff on ... Read more »

Crypto Trading Simulators - Crypto Trading Made Easy

The virtual currencies of today are making improvements to the world of finance as we know it. In some ways, they are similar to many fiat currencies but are unique ... Read more »

What Are The Notable Benefits Of Taking A Second-Charge Bridging Loan?

A growing number of investors are opting for second-charge bridging loans to meet their financing needs when buying investment properties or adding extra capital to their business. Additionally, second charge ... Read more »

Explained: How China Evergrande's debt troubles pose a systemic risk

China Evergrande Group has supplied funds to pay interest on a dollar bond, a person with direct knowledge of the matter told Reuters on Friday, days before a deadline that ... Read more »

Buy Navin Fluorine International; target of Rs 4494: KR Choksey

KR Choksey’s research report on Navin Fluorine International NFIL reported topline growth of 6.27% YoY (+3.93% QoQ) at INR 3,389 Mn. For H1FY22 revenue stood at INR 6,655 Mn showing ... Read more »

Biocon share price falls 5% after Q2 profit dips to Rs 138 crore

Biocon share price fell nearly 5 percent intraday on October 22 after the company reported its September quarter earnings. Biotechnology major Biocon on Friday said its consolidated net profit declined ... Read more »

Curefoods acquires a slew of cloud-kitchen brands to step up Thrasio for food play

Representative Image Curefoods, started by Cure.fit co-founder Ankit Nagori, has acquired six cloud kitchen brands and is looking to on-board 25 more as it seeks to build a house of food ... Read more »

Exploring the Uses and Benefits of Laser-Activated Orthodontics According to Joseph Kunnel, DDS

People who have had braces in the past are all too familiar with the discomfort with adjustments. To move the teeth, pressure must be exerted, and this is usually accomplished ... Read more »

Thursday evening UK news briefing: Quarter of Covid hospital patients not admitted with virus

Your evening briefing from The Telegraph Evening briefing: Today's essential headlines European battles | France will block the UK's associate membership of the EU's €100 billion research programme unless Britain ... Read more »

FIIs consistently increase holdings in these stocks. 5 turn multibaggers

In 2021 so far, the foreign institutional investors (FIIs) have invested a net of around Rs 66,024 crore in the Indian equities. They were net buyers in 8 out of 10 months ... Read more »

Digital lenders' poor governance standards have shaken trust, RBI 'inundated' with complaints, says deputy governor Rao

The Reserve Bank of India on Friday kept key policy rates unchanged and also retained its accommodative stance. This means that existing and new borrowers will continue to enjoy benign ... Read more »

Tata Motors, Nestle, HDFC Bank, ACC among 11 stocks to see rise in target prices

Benchmark indices witnessed selling on the third straight session on October 21 mostly dragged by realty, IT and metal names. However, some buying was seen in the banking names. Jubilant ... Read more »

IPO-bound Nykaa acquires home-grown D2C brand Dot & Key

Nykaa’s IPO is slated to be launched on October 28. Beauty and personal care marketplace Nykaa, which plans to launch its initial public offering next week, announced the acquisition of ... Read more »

Friday morning UK news briefing: Queen spent night in hospital after cancelling Northern Ireland visit

Friday morning UK news briefing: Today’s top headlines from The Telegraph The Queen stayed overnight in hospital after receiving medical advice to cancel official duties this week, it emerged on ... Read more »

Zee argues holding EGM is illegal, board cannot approve it

ZEEL | Representative image A day after the Bombay High Court ordered Zee Entertainment to hold extraordinary general meeting (EGM), the media company has argued that the board cannot give ... Read more »

Resuming India operations after a decade, Qantas to launch Delhi-Sydney flight in December

Alan Joyce, Chief Executive Officer of Qantas (File image) Australian airline Qantas will start a non-stop flight between Delhi and Sydney, three times a week, from December 6. The frequency ... Read more »

Google Play Store commission cut does not address the issues of Indian startups: ADIF

Source: AP US tech major Google’s move to slash the commission to 15 percent while welcome, has not addressed the larger issue of allowing other payment choices for the developer ... Read more »

TVS Motor loses production of 25,000 Apache bikes amid chip shortages 

TVS Motor Company suffered a production loss of 25,000 units of its premium Apache range of motorcycles in the September quarter because of a semiconductor shortage that has squeezed the ... Read more »

Longest losing streak on record for retail sales as consumer confidence slumps to lockdown level

Retail sales volumes took a surprise dip last month to achieve their longest losing streak on record, according to official figures released as a measure of consumer confidence showed a ... Read more »

Biocon consolidated net profit dips 18% to Rs 138 crore in Q2

Biotechnology major Biocon on Friday said its consolidated net profit declined by 18 per cent to Rs 138 crore for the second quarter ended September 30. The Bengaluru-based company had ... Read more »

FIIs consistently increase their holding in these 5 stocks, surge over 150% in 2021 so far

In 2021 so far, the foreign institutional investors (FIIs) have invested a net of around Rs 66,024 crore in the Indian equities. They were net buyers in 8 out of 10 months ... Read more »

25% of mid-career professionals in digital skills programme secure jobs before completing it

SINGAPORE – A six-month programme to help mid-career professionals with no digital-related background to take up business technology roles has seen an average of one in four participants securing jobs ... Read more »

Renault says chip shortage will lower production more than forecast

French carmaker Renault said on Friday its production losses in 2021 because of a global semiconductor chip shortage would be far larger than previously forecast, but maintained its profit outlook ... Read more »

How to usher payment revolution for millions without a smartphone

The heart of India doesn’t beat to the tunes of a glitzy edgy smartphone. Away from the world of an instant dopamine hit, Instagram hashtags and Snapchat filters, the true ... Read more »

Enkei Wheels Standalone September 2021 Net Sales at Rs 119.23 crore, up 57.24% Y-o-Y

Reported Standalone quarterly numbers for Enkei Wheels (India) are: Net Sales at Rs 119.23 crore in September 2021 up 57.24% from Rs. 75.83 crore in September 2020. Quarterly Net Profit ... Read more »

21st Cen Mgt Consolidated September 2021 Net Sales at Rs 192.55 crore, up 300960% Y-o-Y

Reported Consolidated quarterly numbers for 21st Century Management are: Net Sales at Rs 192.55 crore in September 2021 up 300960% from Rs. 0.06 crore in September 2020. Quarterly Net Profit ... Read more »

21st Cen Mgt Standalone September 2021 Net Sales at Rs 0.66 crore, up 55% Y-o-Y

Reported Standalone quarterly numbers for 21st Century Management are: Net Sales at Rs 0.66 crore in September 2021 up 55% from Rs. 1.48 crore in September 2020. Quarterly Net Loss ... Read more »

Rajneesh Karnatak takes over as Union Bank of India Executive Director

Next on the list of lenders offering lowest interest rate on education loans is, expectedly, another public sector giant. Union Bank’s interest rates start at 6.8 percent, with the EMI ... Read more »

New Zealand Rural Land Company buys six South Island dairy farms for $61.4 million

NZX-listed New Zealand Rural Land Company has bought six dairy farms in Maniototo for $61.4 million. NZRL announced to the market this afternoon that it had entered into a unconditional ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic