So amazon raises its prices in these nations to compensate, and the people wind up paying the tax. Boy they really showed amazon didn’t they. Hey why did my cat food go up a euro?
Exactly the correct solution. The tax should be itemized on each item sold and held in an interest bearing account until it's time to remit the principal. The EU customers can target their ire at the correct entity that way.
Corporations don't pay taxes...they collect them.
So amazon raises its prices in these nations to compensate,If a business can simply raise their prices "to compensate" what's stopping them from raising them for no reason anytime they want?
The simple truth is they can't
What really happens if they raise prices for whatever reason is sales/profits are reduced.
The false notion that corporations/businesses don't pay taxes can also be used for employees. You can't just raise prices "to compensate" any more than an employee can get more pay "to compensate" for a tax increase.
Yeah, just pass on the additional cost to their idiotic citizens... Whatever.
They’ll raise their prices some, but their competitor’s prices aren’t going up, so they will be limited in how much they can pass on.