- Prison Planet.com - http://www.prisonplanet.com -

Fresh questions for Amazon over pittance it pays in tax

Posted By admin On May 16, 2013 @ 4:56 am In Money Watch | Comments Disabled

Ian Griffiths and Simon Bowers
London Guardian [1]
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 [2] 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.

Full article here [1]


Article printed from Prison Planet.com: http://www.prisonplanet.com

URL to article: http://www.prisonplanet.com/fresh-questions-for-amazon-over-pittance-it-pays-in-tax.html

URLs in this post:

[1] London Guardian: http://www.guardian.co.uk/technology/2013/may/15/amazon-tax-bill-new-questions

[2] tax avoidance: http://www.guardian.co.uk/business/taxavoidance

[3] Amazon: £7bn sales, no UK corporation tax: http://www.prisonplanet.com/amazon-7bn-sales-no-uk-corporation-tax.html

[4] Amazon Kindle users surprised by ‘Big Brother’ move: http://www.prisonplanet.com/amazon-kindle-users-surprised-by-big-brother-move.html

[5] Sales of George Orwell’s ’1984′ up 69 percent on Amazon: http://www.prisonplanet.com/sales-of-george-orwell%e2%80%99s-%e2%80%991984%e2%80%b2-up-69-percent-on-amazon.html

[6] Amazon.com wipes user’s account, instantly deletes every ebook she ever purchased: http://www.prisonplanet.com/amazon-com-wipes-users-account-instantly-deletes-every-ebook-she-ever-purchased.html

[7] In a State’s Search for Sales Tax, Amazon Raises Privacy Concerns: http://www.prisonplanet.com/in-a-state%e2%80%99s-search-for-sales-tax-amazon-raises-privacy-concerns.html

Copyright © 2013 PrisonPlanet.com. All rights reserved.