How Amazon and eBay became tax havens for Chinese sellers

Over the years, European Amazon customers have utilized shopping leaders' ability to deliver delivery from bestsellers to phone chargers in a few hours, within hours, often at comparable price to many prices . Like the United States, online sales absorb the physical market share. By 2023, 21% of all non-grocery retail sales in Europe's largest economic area is expected to come online from only 13% last year. More and more, however, a large digital platform that also functions as a market for third party sellers is criticized by helping foreign retailers bypass taxes.

In the EU, virtually all market sellers must report and pay sales tax called VAT or VAT. In the UK, the standard VAT rate is 20%. In Germany it is 19%. However, according to a recent report, thousands of vendors selling in the Amazon and eBay market are from China and have not paid VAT, so we can further reduce sales to local retailers and online I will. The European Commission estimates that the UK, Germany and the European Commission have pledged to detain market operators in charge of tax evasion of about $ 5 billion annually in Europe.

According to Mark Steier, a data analyst and e-commerce consultant who first revealed this project in Germany, approximately 15,000 Chinese traders are registered in Amazon's German market. However, one third of them do not display the VAT identification number …

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How Amazon and eBay became tax havens for Chinese sellers

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