Amazon’s tax strategy is competitive
Excellent and very gripping piece on Amazon.com’s charring in the U.K. over taxes by reporter Jay Greene [“Brits Cry Foul,” Page one, Aug. 26].
What is truly frightening is the ignorance of the politicians who were doing the grilling. What they don’t realize is that corporate taxes are simply indirect personal taxes. All companies are ultimately owned by individuals.
The world is a much more competitive place than when the corporate tax was first introduced as a tax on the rich a hundred years ago. Not only are precious jobs lost, but all the other taxes that go with them are lost too.
Eliminate corporate taxes completely. Let the money flow to individuals where it will be taxed, perhaps even at a higher rate. We’ve got to stop scaring away our golden geese.
Chris Waldorf, Seattle