But does he really 'understand'?

I don't use Amazon. I was tricked into signing up for Amazon Prime in 2012, used it for one year, refused to renew and have never used it since.
I don't like internet shopping; this is what has destroyed our High Streets, following on from Supermarkets. At present I am able to drive or walk to nearby shops and am fortunate in having a small county town nearby with a baker, butcher, greengrocer, bookshop, cookshop, hardware store, and two good supermarkets, several good clothes shops and a shoe shop; what it lacks is a good chemist. It is also inaccessible by bus from where I live, despite being only five miles away.

A few years ago, I had a Henry vacuum, and I reckon travelled miles, looking for somewhere that sold the bags - I looked week after week.

Then I looked on ebay; not the Henry brand, but generic ones at £1.50 for 20!!

MissAdventure

I use amazon a lot, because I'm not well enough to go shopping.

My neighbour lets me use her prime, so I dont pay for delivery.

Not everyone can get to the shops.

Even if you can struggle round shops, they don't always have the product you need. We did just that today and did manage to find what we wanted, but came home worn out!

I went to a local shop yesterday at 4.01 pm. She had just shut although the lights were still on and she shook her head at me and mouthed "Shut, sorry". I only needed one item so I came home and ordered it on Amazon.

Then local businesses wonder why they wren't supported.

I use amazon a lot, because I'm not well enough to go shopping.

My neighbour lets me use her prime, so I dont pay for delivery.

LizzieDrip

What MaizieD … possible to exist without buying from Amazon😱 Not in the Drip household!

Not in the Oreo household either.Amazon is a wonderful marketplace and if you have Prime you get things delivered free and fast.Yeah, you do pay for Prime of course but we use Amazon so much for goods that it’s really cost effective.I don’t have time to visit real shops for everything we need and you can make a trip to the shops and still not find what you want.

What indispensable items are only available from Amazon?

I can get anything I want from other vendors. Even, oh horrors, from real live shops...

(though I have to admit that I have sometimes sorrowfully informed an author that I won't buy their book if it's only available on Amazon)

What MaizieD … possible to exist without buying from Amazon😱 Not in the Drip household!

MaizieD

LizzieDrip

it’s not about cutting out the middle man it’s planned tax evasion

Better not buy anything from Amazon then:

taxjustice.uk/blog/whats-amazons-tax-bill/

I haven't bought anything from Amazon for years. It's possible to exist without doing so...

I hadn’t purchased a single thing from Amazon before the pandemic.

I am ashamed to admit that I do use them for things that I cannot find on notonthehighstreet.com

LizzieDrip

^it’s not about cutting out the middle man it’s planned tax evasion^

Better not buy anything from Amazon then:

taxjustice.uk/blog/whats-amazons-tax-bill/

I haven't bought anything from Amazon for years. It's possible to exist without doing so...

Doodledog

I still don't know how China can get your bank details from an online transaction, or what can be done with them.

Not sure about bank details, but they like some other online companies sell on your details and you get bombarded with spam, and some of them are scams.

I still don't know how China can get your bank details from an online transaction, or what can be done with them.

it’s not about cutting out the middle man it’s planned tax evasion

Better not buy anything from Amazon then:

taxjustice.uk/blog/whats-amazons-tax-bill/

The real issue is we say we want high standards, ethics and lawful behavior from companies we buy from, but then buy from whoever is cheapest. Those that dodge taxes are going to be a lot cheaper and it’s easy to do, it’s not about cutting out the middle man it’s planned tax evasion.

I’ve bought things from Shein and Temu. Some of it is rubbish, but some is quite decent - you take your chance.

Always pay by PayPal, not because I don’t trust Shein and Temu but because that’s how I pay for anything online.

Yes, the companies are based in China but lots of the stuff we buy comes from China anyway. Buying direct from Shein / Temu is just cutting out the middleman e.g. Amazon etc🤷‍♀️

What can China gain from being able to link a name and a bank account number? They don’t ‘know your bank details’ beyond that, and you can pay by PayPal or Apple Pay etc anyway.

There are a lot of very dodgy companies, it’s a real eye opener all you need do is look through background and directors at companies house. No names, trade with them online and your payment is processed in China, so China knows all about your bank details. The goods are sent direct which evades UK customs duty and VAT.

This is one of the reasons we cannot pay for the public services we want

Pantglas2

MaizieD

If Shein doesn't comply with the listings rules then it's not a good thing at all. We can't have dodgy companies listed on the London Stock Exchange.

I'm not altogether sure how we benefit from the SE, anyway. How much of the 'wealth' that is made there actually benefit the UK as a whole?

(This might be a whole new rabbit hole for me to go down via Mr google 😁)

Noooo MaizieD. I need you to explain further…do I buy from Shein or not. I know they’re cheap (as are Temu…who R They?) but I’ve been resisting friends exhortations because it feels a bit dodgy…?

I’m trying to do the right thing (where I can) so are they dodgy?

I've no idea what is dodgy about them. They were refused listing on the US stock exchange so there must be something about their business practices that the US didn't like.

Their clothes? I don't have a clue about them 😁

MaizieD

If Shein doesn't comply with the listings rules then it's not a good thing at all. We can't have dodgy companies listed on the London Stock Exchange.

I'm not altogether sure how we benefit from the SE, anyway. How much of the 'wealth' that is made there actually benefit the UK as a whole?

(This might be a whole new rabbit hole for me to go down via Mr google 😁)

No idea (again), sorry. I was responding to Terribull's post where she said that there would be benefits to the Uk and the SM would be rejuvenated.

If that is the case and RR can facilitate that I can't see why she would be criticised, but as I say, I have no clue how these things work.

MaizieD

If Shein doesn't comply with the listings rules then it's not a good thing at all. We can't have dodgy companies listed on the London Stock Exchange.

I'm not altogether sure how we benefit from the SE, anyway. How much of the 'wealth' that is made there actually benefit the UK as a whole?

(This might be a whole new rabbit hole for me to go down via Mr google 😁)

Noooo MaizieD. I need you to explain further…do I buy from Shein or not. I know they’re cheap (as are Temu…who R They?) but I’ve been resisting friends exhortations because it feels a bit dodgy…?

I’m trying to do the right thing (where I can) so are they dodgy?

If Shein doesn't comply with the listings rules then it's not a good thing at all. We can't have dodgy companies listed on the London Stock Exchange.

I'm not altogether sure how we benefit from the SE, anyway. How much of the 'wealth' that is made there actually benefit the UK as a whole?

(This might be a whole new rabbit hole for me to go down via Mr google 😁)

Forgive me if I don't then, Maisie😂

I'm still unsure as to what RR is being accused of, though. If Shein's listing would benefit the UK and reinvigorate the Stock Market is that not a good thing?

Permission to list is granted by the UK Listing Authority, which is part of the Financial Conduct Authority.

Companies wishing to list must conform to these rules:

(I don't think anyone is going to want to read this😂)

www.fca.org.uk/publication/ukla/listing-rules-august-2002.pdf

Shein and Temu both Chinese e commerce companies.

I gather that they would have to pay tax here but as per Julian Dunkerton, The Superdry man's beef as outlined above, they are avoiding that due to the loophole. The Times also reported that before the election Labour stated they did not want to close that loophole in an apparent attempt to get them to list on the Stock Exchange according to the Financial Times.

The advantages in that is apparently there would be benefits to the UK particularly the Financial Services Industry and it would allegedly reinvigorate the Stock Market.

Is Shein like Temu - a Chinese marketplace?

Forgive my ignorance, but do companies have to pay tax in all the countries they trade in, and can they be listed on more than one stock exchange? Does listing on a particular exchange confer rights/obligations or something else?

Is the suggestion that RR might intervene to allow Shein to list on the UK market, and that doing so would advantage a Chinese company?

vested influence interests.

The article also went on to state that UK companies have raised concerns about Shein's use of a tax loophole in which small packages sent from abroad directly to customers are not subject to import duties. Julian Dunkerton the boss of Superdry, said in effect Shein is being allowed to dodge tax.