Ian Griffiths and Simon Bowers
May 16, 2013
MPs are ready to haul Amazon back to parliament to answer new questions about its tax status in Britain after a Guardian investigation’s findings suggest the online retailer is pushing the tax rulebook to its limits to minimise its tax bill.
Company filings showed Amazon’s main UK company paid just £3.2m in corporation tax on sales of £320m last year. However, the Seattle-based group has told investors its 2012 UK sales were £4.2bn.
The Guardian investigation has found Amazon pushing definitions close to breaking point; and tax authorities unable, or unwilling, to prevent the imposition of aggressive tax avoidance structures.
Information collected by the Guardian details extensive UK activities that suggest HM Revenue and Customs could take a much tougher line on taxing Amazon’s multibillion-pound British operations.
This article was posted: Thursday, May 16, 2013 at 4:56 am