Eight tips to succeed in Amazon on Black Friday

Eight tips to succeed in Amazon on Black Friday

Black FridayFriday, November 24 is Black Friday and we do not need to remind you that it is an excellent opportunity to save a lot of money on your Christmas shopping. One of the reference websites in our country that day will be Amazon Spain. From 00.01 on Thursday night until 23:59, Amazon is going to smoke .

The special Black Friday that Amazon will offer will allow you to find offers in all categories, such as Electronics, Computers, Home, Kitchen, Clothing, Sports, Videogames, PC, DIY, Baby, Toys, Office and Stationery, Books, Music and much more.

Here are eight tips to succeed in Amazon on Black Friday and not miss a single offer:

  1. Become an Amazon Prime customer. It’s fundamental. Prime customers will have priority access to Amazon offers and can also benefit from free shipping. Also, if you live in Madrid or Barcelona you can enjoy shipments in one or two hours in a selection of Prime Now articles.
  2. If you have not purchased at Amazon for some time, check your account information , especially the shipping address and bank details (check that your card is not expired). We do not want surprises right at the time of purchase!
  3. Put an alert on your mobile . At 00.01 hours on Thursday it is certain that Amazon will publish some of its most attractive offers. It is important that you do not arrive late for the appointment.
  4. Pay special attention to flash offers . They are offers that will be activated every 5 minutes and will have a maximum duration of six hours or until stocks last.
  5. Do not lose sight of the offers of the day either . These offers will be available throughout the day but you have to be very careful so you do not miss any.
  6. Make yourself a “wish list” before Black Friday. Thus, on November 24 you can take a look at it from time to time and check if the price of the products that make it fall. It is the most effective way to not lose sight of your most desired items.
  7. Use the “Follow this offer” option in the Amazon app. This will allow you to receive a notification on the mobile when the product goes on sale.
  8. If the product you want to buy has run out, sign up for the waiting list . On this crazy shopping day it is possible that some buyer will regret and cancel your purchase, so you will have priority access to the product.

To finish, let’s make a common sense cry: do not buy compulsively and make smart purchases . If you were not planning to buy a laptop, no matter how much your price has been reduced 400 euros, you still do not need that laptop.

Keep your mind cold and do not lose your common sense before the thousands of irresistible offers that you will have before you on Black Friday. Needless to say, if you need interest-free financing, we at Vivus are here to help!

Amazon Lending will arrive in Spain to offer loans to SMEs and the self-employed

Amazon Lending will arrive in Spain to offer loans to SMEs and the self-employed

Image result for amazon lendingMore than 30% of entrepreneurs who applied for loans for freelancers obtained a “no” answer, according to a study by the Autonomous Federation (ATA) of June 2015. Although the figure has decreased compared to 2014 (36 , 6% of denied applications), are still too high figures. Creating a business is not an easy task and getting the funding we need is essential. Luckily, in Spain, new ways of financing our company are proliferating without having to go through a bank.

The new ways of financing our company

Amazon has announced that it will begin to market a line of credit for SMEs in Spain. Amazon Lending is a service that will offer financing to SMEs that sell on its platform. To get these new loans for freelancers we must access through an invitation. The credits will be granted based on the sales data of each company . Above all, the risks of the company, the inventory cycles or the frequency with which they work out of stock will be valued. Currently Amazon Lending offers loans for self-employed between $ 1,000 and $ 600,000 with a repayment period of between 3 and 6 months with interests ranging from 6% to 14%.

Until Amazon Lending arrives in Spain at the end of the year we can get financing in many of the companies specialized in loans for self-employed people . Currently there are two private equity companies that stand out when granting loans for SMEs:

Lender Quantity Cost Requirements Contract
Iwoca € 500 – € 50,000 From 3.50% / month
No commissions
  • Companies with 4 or more months of life
  • Companies located in national territory
  • For self-employed or limited companies
Apply for
Spotcap € 500 – € 100,000 0.50% – 4.00% / month
Opening commission: from 1.00%
  • Registered companies in Spain
  • Minimum annual invoicing of € 25,000
  • Business with at least 12 months old
  • Need to have the latest financial documents of the company
Apply for

What are ICO credits for self-employed?

The Official Credit Institute is an entity attached to the Ministry of Economy that seeks to promote economic activities to contribute to the development of the country . It grants loans to self-employed workers, entrepreneurs and SMEs through collaborating banking entities. It is a line of financing that acts through lenders , that is, grants loans with the intermediation of the entities. Depending on the chosen ICO line the term conditions, the interest rate will vary.

In order to access the ICO loans we must go to one of the collaborating banking entities, depending on the situation they will offer us a loan with them or through ICO. The credit institution will give the funds to the bank and the bank will transfer them to the self-employed person . According to the ATA barometer, almost 35% of the applications were denied, since it is the banking entities that assume the risk of default by the self-employed and the banks , in turn, respond to the ICO to repay the loan. that their requirements are as demanding as those of banking entities.

Amazon boss: “I am very proud of our wages”

Tech giant Amazon boss: “I’m very proud of our wages”

Image result for mackenzie bezosClaus Hulverscheidt graduated from the Cologne School of Journalism and studied economics at the same time in Cologne. He initially worked as an economic editor and political reporter at the news agency Reuters in Bonn. In 1999 he moved to Berlin with the government relocation to the newly founded Financial Times Deutschland , where he wrote about tax, budget and financial market policy and accompanied the Chancellor and the Federal Minister of Finance on their travels around the world. In 2003, he took over the management of the FTD -Industry editorial office before joining the Parliamentary Office of the Süddeutsche Zeitung in 2007 as Chief Editor for Economic Policy and Vice-President. Since mid-2015 he reports as a correspondent from New York.

The fact that employees of tech companies are usually not starvation, was once again clear when looking at the annual balance sheet of Jeff Bezos. The founder and boss of the online giant Amazon 2017 painted almost exactly $ 7,720 – not per year, but per minute. The truth now is that the number in addition to Bezos’ salary also includes his capital gains, that the manager has to endure nearly half a week the abuse of the US President, and that he – unlike most of his subordinates – not the cartons, but the responsibility , He does not have it easy, and yet: 19.3 billion dollars a year or 36 720 per minute are not so bad.

The number is also interesting because Bezos’ group is one of the big US companies that now had to disclose what they pay their employees on average because of a law from the Obama era. The median annual earnings at Amazon is therefore exactly 28 446 dollars. This means that one half of the employees go home with a salary above this number, the other half with a salary below. So, in simple terms, Bezos receives about 1.3 times more per minute than what a packer or forklift driver works out every year.

Although stockbrokers Amazon rank alongside Facebook, Netflix and Google among the four major US tech companies, short FANG, employees have so little in common with those colleagues who play beach volleyball on the campus-like premises in Silicon Valley beach volleyball, feed kale chips and get a massage. Instead, they pack packages, carton boxes on pallets, and walk sore through huge storage warehouses. Translated into money: Twitter pays a median salary of 161,860, and Facebook pays 240,430 dollars. That is the eighth and a half times what is usual on Amazon.

Amazingly, however, even if one classifies Amazon instead of the tech companies under the parcel services, the group can not compete with the competition. At UPS, for example, the median salary of $ 53,440 is almost twice as high. Bezos defends that the figures of his company include the salaries of employees from more than 50 countries and part-time workers. Amazon also created more than 130,000 jobs in 2017 alone. This is indeed more than the total workforce of Google Mother Alphabet.

Despite the sometimes modest salaries, Amazon in the US before applications can hardly save. Even in Germany, the company has no problems finding employees – even though management refuses to cooperate with trade unions and refuses to pay workers under the collective agreement of the retail and mail order companies.

Amazon: The million-knot of dealers

Online trading The million-stitch of Amazon dealers

Image result for amazonChristoph Giesen, born 1983 in Berlin, is a correspondent of the Süddeutsche Zeitung in China and reports from Peking on the economy of the People’s Republic. From 2012 to 2016 he was a member of the SZ-Wirtschaftsredaktion in Munich and worked on the international revelations Offshore-Leaks, Lux-Leaks, Swiss-Leaks and the Panama Papers. Prior to his traineeship at the SZ he studied Journalism, Political Science and a subject called “China in Comparative Perspective” in Leipzig, London and Shanghai. For his work, he was awarded, among other things with the Guardian Prize of the German daily press and the Helmut Schmidt Journalists Prize.

Vanessa Wormer, born in 1987, is part of the SZ team that uncovered the Panama Papers and was honored with the German Reporter Award and the Nannen Prize. As a data journalist, the native of Badia works on the interface between the Investigative Research department and the development editorial office on the challenges of large and small amounts of data. They can be handed in encrypted at any time (for example by PGP to vanessa.wormer@sz.de).

For tax fraud, it is often no more than a few clicks with the computer mouse. Openly, and on one of the most visited websites worldwide. The damage goes into the millions. Who buys at the online retailer Amazon, ordered in truth only a fraction of the goods directly from the American mail order. The majority comes from third-party providers. Amazon “Marketplace” is the name of this platform. Amazon collects an agency fee. But that’s worth it. In 2016, according to the Cologne Institute for Trade Research, revenues totaled around twelve billion euros, in Germany alone.

If you imagine the German marketplace as a weekly market, you will be surprised how many of the stands are operated by Chinese traders. Approximately one in four sellers on Amazon.de comes according to dealer imprint from China or Hong Kong. Not only do these retailers sell electronics, but they also sell clothing, baby clothes, jewelery or housewares. Often the customers do not even notice where the ordered goods originate from: the name of the dealer usually does not give any information about the location of the seller. The traders from China call themselves, for example, “Clothing Trading EU”, “Intefax” or “Diamond candy”. Only a glance at the imprint reveals where the companies are located: in Hong Kong, Shenzhen or Shanghai. And that’s where the problem starts.

Amazon opposes poor tax

Levy for the homeless Amazon opposes poor tax

Image result for amazon tax seattleKathrin Werner, born in 1983, is a correspondent in New York. She already discovered her reporter enthusiasm as a student of the Hessian-Lower Saxon General and then studied law in Hamburg. She then started working for the business paper Financial Times Deutschland , which still existed at that time, first as a volunteer, later as an editor for renewable energies and maritime topics such as shipping companies and shipyards, and finally as a New York correspondent. She came to the Süddeutsche Zeitung in the early summer of 2013. In America, she handles all kinds of business topics: from 3-D printers and alligator leather to Chrysler, Amazon and Goldman Sachs.

Seattle is the city of inequality in the US. Along the highways that encircle the West Coast metropolis, the poor sleep in rickety tents, makeshift against the constant rain Seattle is famous for. If you have a little more money, rent a caravan and move it to an industrial area or sleep in the car. The very poorest spend the night on park benches and waver during the day through the city center. It is a downtown full of new glass high rises and construction sites for more glittering office towers. More than 45,000 employees disappear from Amazon in the morning.

The city council now has a new idea on how to fight the growing poverty in the city: redistribution. Next week’s vote will be on a special tax that will allow parliament to cut profits from large companies, especially the online retailer, and invest in homelessness and social housing projects. “Head tax” is the special tax that companies should pay to earn at least $ 20 million a year in the city. There would be 26 cents per employee per hour worked, more than $ 500 per capita per year. For Amazon, that would mean an additional $ 20-30 million of local tax burden. No other company would be hit harder to get the additional $ 75 million budgeted.

Birkenstock boycotted Amazon

Birkenstock Schlappen maker battles online giants

Image result for Birkenstock Schlappen maker battles online giantsJan Schmidbauer, born in 1990, works as an editor in the business department. He grew up near Hannover. After studying economics, he moved to Munich and attended the German School of Journalism.

It’s one of those stories that are almost too good to be true. A story that can do a lot: A recalcitrant company on the one hand, a seemingly overpowering opponent on the other. A traditional German manufacturer who is proud of his cork footbed (“often copied, never reached”). And a global corporation that wants to deliver goods by drone soon.

It was a courier who traveled to Munich on the penultimate Thursday without a drone to declare a boycott on behalf of the Rhineland-Palatinate shoe manufacturer Birkenstock to the global corporation. Birkenstock, it says in the letter, the European subsidiary of the online retailer Amazon will no longer deliver from January. The boycott should apply to the entire Birkenstock range.

The shoe manufacturer raises serious allegations against Amazon: Among other things, on the marketplace operated by the online retailer platform “Marketplace” fake Birkenstock products have been offered. Amazon did not respond. Birkenstock speaks of a “disturbance of the relationship of trust”, of a “deception of consumers”.

Amazon is cracking a trillion dollar mark

Amazon Bezos’ trillion saga

Image result for Amazon Bezos' trillion sagaMalte Conradi, born and raised in Düsseldorf, studied Comparative Literature and Comparative Literature in Bonn, Paris and Berlin. Parallel to this, he completed internships and worked as a freelancer for various German and foreign newspapers and magazines – mostly in the cultural or business section. After graduating, he moved from the capital to Munich at the beginning of 2010 and since then has worked in the business department of the Süddeutsche Zeitung .

There is a widespread misunderstanding about Amazon founder Jeff Bezos: Many believe that he has made Amazon the largest retailer and can turn himself into the richest man in the world because he is a gifted visionary, a great strategist, or one had great idea. Of course, that’s not all wrong. Crucial is something completely different: Bezos is probably one of the greatest storytellers of our time. That’s what made Amazon a one-trillion dollar company, the second after Apple, which cracked that brand just a few weeks ago.

While other listed companies live under constant pressure and constant scrutiny by investors, who are demanding higher profits and distributions quarter on quarter, Amazon has always had the freedom to refuse. Although the stock exchange rules also force Bezos to provide investors with regular answers. But what the Amazon boss announces on such occasions is always the same: profits? Not so important! Dividend? No way!

A life without Amazon is possible, but difficult

Online trading A life without Amazon is possible, but difficult

Image result for amazonAnyone who buys from the online retailer has a guilty conscience but does what he wants – at a fair price. About the phenomenon Amazon.

The stock market reflects not only economic success and power relations, but also the state of society. The five most valuable companies in the world are Apple, Amazon, Alphabet (ie Google), Microsoft and Facebook. Except for Facebook, the other four in the stock market value in each case in the area of ​​one trillion dollars. The oligarchic Five associates that without the Internet, they would not exist, and that without them, the Internet would not be what it is today. There is no event, no development, and no process in the history of humanity that has changed and influenced so much the entire world, but also the individual lives of billions of people, as the Internet has done in two decades. Even the scientific and technological revolution that began in the eighteenth century – mechanics, electricity, mass production, transportation – has dragged on for a long time.

On the one hand, one may see the net as a consequence of this slow revolution. On the other hand, the world has been in a new age for about 20 years. More and more people live, love, hate, work with and through the web; Politics, working life, travel, communication are now taking place in ever greater proportions in a completely different way than was the case in 1998. A man of the eleventh century would have made his way somewhat after some getting used to in the fifteenth century. But if someone fell through a time-fold from 1850 to 2018, he ended up in an incomprehensible, incomprehensible world.

Amazon is one of those phenomena that define the beginning of the digital age. One no longer buys localized, but does that over Klugtelefon and computer. As far as the acquired does not itself consist of data streams (films, series, music, electronic books), the delivery is still in a mix of new time and technology – poorly paid messengers bring the assembled from mostly poorly paid packaging workers stuff. Again, this will change in the foreseeable future through automated logistics and delivery systems, controlled by a sufficient proportion of intelligence, called “artificial” intelligence from a human point of view. At least the younger ones among us will probably experience machines distinguishing between their intelligence and human intelligence.

 

Amazon pays employees for positive tweets

Image result for twitterThe group employs an “army of the credible”, which is to deny abuses in the social networks. No one believes them anymore. By Vivien Timmler more …

In any case, about one-third of online commerce in Germany is already accounted for by Amazon. Possibly stationary stores and the local trading over the net will still exist side by side for quite some time. Pragmatically, however, you need less and less sales outlets in certain locations. Shops will survive where they can convey an experience – one does not speak with Alexa when shopping, but with one person; one strolls; You go through a shopping street as a social experience. This is similar to the progressive replacement of listening to music on sound carriers by streaming music. Amazon does both: it sells vinyl records and CDs, but also offers music at a ridiculous price – compared to recordings – over the internet. No wonder that Amazon has now also opened bookstores here and there, right bookstores with shelves. In a sense, an Amazon bookstore is sort of a re-enactment group for history-minded people: they put on new, old uniforms and pretend to live for a few hours like they did during the American Civil War. The re-enactor believes he is experiencing something that used to be normality, the present. Anyone entering an Amazon bookstore is a 20th-century re-enactor.

Amazons exemplify another development: when the human world was even younger and more straightforward, people first did things and then dealt with them when they made enough things and wanted other things. Production came before trade, trade was a function of production. Amazon is different, Amazon was the first trade. After the placeless business model of this trade functioned so well, Amazon found that it was possible to further promote trade through its own production. The result: there are plenty of things that Amazon now produces in-house, ranging from films to foodstuffs to textiles.

You have a bad conscience, but Sir Richard F. Burton on the reader

Incidentally, the same principle prevails in another area that Amazon cultivates, as far as Amazon maintains something beyond the money-making service concept. Almost anyone can publish a book on Amazon. You do not need any spooky agents anymore, no arrogant editors, no publishers and no bookstores – just because Amazon is all that. If the writing sells, it is fine. If not, the self-publishing author can claim that Franz Kafka had only very small editions.

No, for people who have been socialized in the 20th century, the rule of digital corporations does not sound good. And yet: Who except maybe those who see by conviction Bible-TV (even this is a digital transmitter), does not use a pocket phone, no Internet, still photographed on film, never buys at Amazon?

The latter, so much personal is allowed, I once tried. Amazon destroys bookstores, and because I think bookstores are more important than grocery stores (books are groceries), I have not ordered from Amazon for a while. But then I wanted the fourth season of a series and also the collected works of the explorer and adventurer Sir Richard F. Burton, who cost three fortunes in beautiful antiquarian editions. Amazon costs 18 350 pages of collected Burton 99 cents. You load them on the electric reading machine from Amazon and then always has them with you. So the bookstores are broken, Amazon is worth a trillion dollars, and the human has a guilty conscience, but also A Personal Narrative of a Pilgrimage to Al-Madinah & Meccah on the Reader.

Amazon is now also a pharmacy

Online Commerce Amazon now wants to be a pharmacy

Image result for amazon frankenthalKathrin Werner, born in 1983, is a correspondent in New York. She already discovered her reporter enthusiasm as a student of the Hessian-Lower Saxon General and then studied law in Hamburg. She then started working for the business paper Financial Times Deutschland , which still existed at that time, first as a volunteer, later as an editor for renewable energies and maritime topics such as shipping companies and shipyards, and finally as a New York correspondent. She came to the Süddeutsche Zeitung in the early summer of 2013. In America, she handles all kinds of business topics: from 3-D printers and alligator leather to Chrysler, Amazon and Goldman Sachs.

TJ Parker comes from a family of pharmacists. Even as a teenager, he worked in his father’s pharmacy in New Hampshire – and noticed many things he did not like about the age-old industry. For example, that it is so difficult for many patients to actually take their prescribed pills regularly and to keep track of them. Parker is 32 years old, so for him a solution using technology, with the help of the internet, came close. He studied pharmacy and founded an online start-up, Pillpack. Now he sells it to Amazon.

Exact information, what plans Amazon with Pillpack, there is not yet. According to media reports, Amazon paid around one billion dollars for the 2013 founded company. Pillpack is so far only a niche provider with tens of thousands of customers compared to the millions who shop in pharmacies and drugstores with fixed stores. The start-up specializes in pre-sorted packs with a monthly supply of pills for the chronically ill. But through the young company Amazon gets important licenses for the drug trade – and access to customer data. Pillpack has a pharmacy license in all 50 states of the USA. Other corporations had to fight both for decades.

The old pharmacy and drugstore chains are still trying to avoid being too frightened, at least in public. “Yes, it’s a Memorandum of Understanding from Amazon, but the pharmacy world is much more complex than the delivery of certain pills or packages, and I firmly believe that the role of the inpatient pharmacy will remain very, very important in the future,” said Stefano Pessina , the boss of Walgreens Boots Alliance’s second largest pharmacy group, in a conference call. “I see no reason to worry.” After Amazon announced the acquisition, the stock prices of pharmacy and drugstore chains Rite Aid, Walgreens and CVS fell. Within hours, they together lost about $ 11 billion in market value. The Amazon paper, however, increased. The online retailer is now worth about $ 825 billion on the stock market.

In the US, $ 400 billion will be spent on drugs

For months now, the healthcare industry has trembled before Amazon’s entry into the business, with which it has largely undisturbed good profits generated over decades, unlike almost all other industries even almost undisturbed by the Internet. No country spends as much on health as the US. The cost per inhabitant is almost three times higher than the average of other industrialized countries – and according to a study by 2025, they are set to grow rapidly, even faster than the gross domestic product.

Amazon attacks the post office

The mail order company simply delivers many packages himself. Post subsidiary DHL fears millions in profits – and trade unionists are alarmed. By Michael Kläsgen and Benedikt Müller more …

The US drug trade alone is estimated to be more than $ 400 billion, accounting for nearly half of global sales. Amazon’s entry could depress prices – as is almost always the case when Amazon does something new. Seattle’s less than 24-year history has proven to be uncomfortable for competitors. After Amazon’s founding, initially as an online book mail order, the bookstore chain Borders slipped into bankruptcy. And since Amazon recently acquired the organic supermarket chain Whole Foods, traditional grocers are dreading and losing market value.

The entry into the health economy, however, should not be as easy as that in the book trade. Finally, US authorities pay much more attention to the protection of patient data and security in shipping, the industry is tightly regulated. In addition, the industry is conservative and works – at least outside the shipping sector, directly to consumers – with long-term contracts and trade relations forged over years. For hospitals, so major pharmaceutical customers, the price is less than the quality.

The Pillpack acquisition is just the first step

First, according to media reports, nothing should change in the name of Pillpack or in the licenses. Parker, the co-founder and boss, is to lead the company. Even the retailer Walmart, Amazon’s most powerful rival from the offline world, should have had interest in Pillpack, but could not prevail with the offer.

Before the acquisition of Pillpack, Amazon has already signaled to enter the industry. For example, Amazon agents have contacted one US hospital chain after another and offered it as a wholesaler. It was not about the drugs or other sensitive products, but first about syringes, latex gloves, smocks, patches and other medical supplies, which is not subject to any particularly strict regulation.

With the investment company Berkshire Hathaway of the investor Warren Buffett and the largest US bank JP Morgan Chase Amazon also wants to found a health insurance, initially only for its own employees. It aims to provide solutions to lower healthcare costs and make the interconnected system more transparent to hospitals, doctors, pharmacies, insurers and pharmaceutical companies – and cheaper. Stock prices of insurers promptly broke. The company has just announced that it has found a CEO: the famous doctor and scientist Atul Gawande. Not much is known about the plans of the health insurance. But together with the acquisition of Pillpack, she shows that Amazon is serious about entering the healthcare industry. “The health care system is complex and we are open-eyed to the challenge in terms of difficulty,” said Amazon boss Jeff Bezos. He had set out to “reduce the burden that the health industry for the economy means.”

The criticism of Amazon is hypocritical

Those who send in bulk goods, are complicit if mass destruction. The traders must finally demand money for returns – and if necessary be forced to do so. Comment by Catherine Hoffmann more …

Amazon locks hundreds of Chinese dealers

Online trading Amazon is blocking hundreds of Chinese traders

Image result for Online trading Amazon is blocking hundreds of Chinese tradersHannes Munzinger, born in 1988, is an editor for data and investigative research in the development department. He grew up in Ravensburg in Upper Swabia, studied Political Economics in Heidelberg and then journalism on the train between Leipzig, Hamburg, Salzburg and Lucerne. He was part of a team that uncovered the Panama Papers and won the German Reporter Award and the Nannen Prize. Most recently he was involved in the release of Paradise Papers. For his research on Russian black money he received the Newcomer Prize of the Otto Brenner Foundation. In 2017 he was among the “Top 30 to 30” of the medium magazine.

For thousands of Chinese online retailers, access to German customers is via Seattle. There sits the world’s largest retailer Amazon and operates its platform Marketplace. Amazon’s global marketplace connects third-party vendors and buyers from around the world: customers shop as usual on the website of the mail-order company, but the goods come from external dealers. Amazon can then pay the mediation of the shop and shipping.

According to calculations by the Institute for Trade Research in Cologne, the group thus took in 2016 alone in Germany about twelve billion euros. But the lucrative business model is also a gateway for tax evasion.

Research by Süddeutscher Zeitung and WDR revealed in March that at least three thousand Chinese sellers were using the marketplace for business in Germany without having given a tax number. The registration with the tax authorities is obligatory if the goods are sent to the customers within the EU. Sales tax is charged on every sale, and many of the dealers seem to have been able to save that. So they could offer their products – for example, handbags, cheap toasters or charging cables – cheaper than competitors who paid their taxes honestly.

 

The million-stitch of Amazon dealers

Thousands of suppliers from China and Hong Kong use the lax rules on Amazon. They sell goods in the EU via the portal – and they are not supposed to pay any taxes. By Christoph Giesen, Felix Ebert and Vanessa Wormer more …

The officials of the tax office Berlin-Neukölln apparently no longer wanted to watch. The office is responsible for all Chinese companies that want to operate in the German market. So if you want to sell goods from China via Amazon in Germany, you have to register in Neukölln. According to research by WDR and the Süddeutsche Zeitung , so-called requests for information by the Berlin tax investigation led Amazon to exclude more than 500 suspicious Chinese traders from trading via the Amazon Marketplace. Their goods have been quarantined and sellers no longer have access to what is still in the company’s warehouses and distribution centers.

And the pressure of the financial administration shows success elsewhere: The number of registered in Neukölln online retailers from China has more than doubled since May 2017, to today over 1900. Investigators assume, however, that still thousands of traders remain undetected. The responsible Berlin Finance Senator Matthias Kollatz-Ahnen suspects: “We now have maybe ten percent of the work behind us and 90 percent ahead of us.”

 

Amazon is cooperative

Image result for cooperativeIn order to detect further tax evaders, the investigators systematically evaluate the Amazon website and pelt the group with requests for information. Only these requests force Amazon to take the problem seriously. Because if the tax authorities inform the company about suspected backers and they can continue to use the platform, the group could be prosecuted for aiding and abetting tax evasion.

Amazon said on request that the company would “stand up for compliance with tax obligations at all times” and support the sellers with information and training. If the Amazon is notified by German tax authorities that sellers do not comply with their tax obligations, these seller accounts would be blocked immediately. On the other hand, Kollatz-Anhnen considers the group’s approach to be inadequate: “Amazon offers the China dealers an all-round carefree package: Amazon stores the goods, sends them, handles everything, but Amazon does not support the dealers in sales tax not that this is coincidence. “

 

Seattle abolishes homeless tax – according to criticism from Amazon

With a new tax, Seattle, where Amazon has its headquarters, wanted to fight the high homelessness. But only a few weeks later, the city collapses. more…