Comment on Tesco loses UK legal battle over plans to ‘fire and rehire’ staff on lower pay
tankplanker@lemmy.world 1 month agoThey also argue that the business would go bust or move out of the country, both resulting in far wider job losses. I don’t doubt that a small minority of businesses might fit into this but a business the size of Tesco that made a couple of billion of profit last year and is heavily dependent on physical sales in the UK to achieve that.
Same argument is used against the likes of Amazon or Apple paying fair taxes or wages, they do about 30 billion and 1.5 billion of sales of mostly physical goods here respectively, that they would have to give up on, which is just not going to happen. Apple has about half the UK mobile market, like they would give that up.
dependencyinjection@discuss.tchncs.de 1 month ago
This is what I always say when arguing about this at work, that if a company is making X billion in profit and we decide to tax them heavier so they only make half of X billion in profit they’re not going to leave as that’s still at lot of profit.
Sure there is an argument that it could set a precedent in other countries to tax harder but still some profit is better than no profit and if not then you don’t have a viable business anymore and someone else will capitalise.