Big Tech Gets the Spotlight
Think it’s time for a reality check on the tech giants? If you were reading the words of a senior partner at the renowned tax firm Blick Rothenberg, you’d forget you were looking at a corporate memo. This one is loud, it’s bold, and it’s got the right amount of UK charm—justlike a kettle on a rainy Monday.
Why Should the CMA and HMRC Care?
- Google and Amazon just dropped their profit numbers, and boy, do they look big.
- The Competition and Markets Authority wants to make sure no one is stealing the whole pizza slice.
- The HM Revenue & Customs wants to double‑check that the tech titans are paying their fair share.
David Hough Says
“Google and Amazon profits are dropping faster than a hotdog at a summer fair.”
— David Hough, partner at Blick Rothenberg
Hough added that sales for Amazon in the June‑April quarter hit a staggering $89 bn, a 40 % jump from last year. It’s not just killer shopping bundles; Amazon Web Services is now the back‑bone many small businesses rely on to keep their websites alive and well.
Jobs, Jobs, Jobs
Amazon’s global workforce has grown by a whopping 175,000 jobs so far—a figure that will keep climbing as the company expands. Think of it as a gigantic, edible cake, with distribution and warehousing as the frosting.
The Bottom Line
Big Tech isn’t just changing our screens; it’s reshaping how we work, shop, and even how the government still rules the land. The CMA and HMRC are listening. They’re about to scrutinise the industry with a fresh, thorough eye—because the taking of a breath shouldn’t feel like breathing a sigh of relief.
