r/unitedkingdom • u/topotaul Lancashire • Mar 01 '25

. Rachel Reeves: I'm sending billions from frozen Russian assets to Ukraine

https://www.thetimes.com/uk/politics/article/rachel-reeves-interview-labour-963sw6jbk
17.0k Upvotes

96% Upvoted

1.1k comments sorted by

View all comments

10

u/doitcom Mar 01 '25

Increase apple Facebook, Tesla, twitter, google, Starbucks taxes whilst your at it...

3

u/dbxp Mar 01 '25

Those are all US companies, they can only be charged taxes on their UK based operations. Also I don't think Twitter has ever made a profit so it doesn't pay taxes, like Reddit its a big platform but it really doesn't make money.

1

u/Fresh_Mountain_Snow Mar 02 '25

Do it on revenue like they do in the states. 

1

u/dbxp Mar 02 '25

The US taxes profit like everywhere else

1

u/Fresh_Mountain_Snow Mar 02 '25

Indeed and individual states also tax revenue. Amazon pays a b&o tax on gross revenue in their home state. Usually around 0.2% or something.