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Anorak | Amazon doesn’t pay any tax schocker!

Amazon doesn’t pay any tax schocker!

by | 5th, April 2012

THE usual suspects have got all outraged at the fact that Amazon doesn’t seem to pay very much tax in the UK :

Amazon.co.uk, Britain’s biggest online retailer, generated sales of more than £3.3bn in the country last year but paid no corporation tax on any of the profits from that income and is under investigation by the UK tax authorities.

Regulatory filings by parent company Amazon.com with the US securities and exchange commission (SEC) show the tax inquiry into the UK operation, which sells nearly one in four books sold in Britain, focuses on a period when ownership of the British business was transferred to a Luxembourg company.

Well, yes, the clue is in tat last part there, it’sd not a UK company so of course it doesn’t pay corporation tax in the UK. It’s a Luxembourg company and so it pays tax in Luxembourg. This is all part of the great EU project. You pays your corporation tax where your company is, where the head office is, and then you can sell anywahere in the EU. To change

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Posted: 5th, April 2012 | In: Money Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink