Missing Madeleine
Come join us...there's more inside you cannot see as a guest!

Amazon U.K. Unit paid £2.4 million tax on sales of £4.3 billion

View previous topic View next topic Go down

Amazon U.K. Unit paid £2.4 million tax on sales of £4.3 billion

Post  Panda on Thu 16 May - 7:02

Paid £2.4m Tax on £4.2bn Sales In 2012
Accounting through a Luxembourg sales unit allows the
retail giant to pay less in UK taxes than it received in government grants.



8:17pm UK,
Wednesday 15 May 2013

Amazon's warehouse in Milton Keynes










  • Amazon.com's main UK unit paid £2.4m in taxes in 2012 on sales of
    £4.3bn, newly-published accounts have revealed.

    The accounts also showed the company received £2.5m in government grants over
    the course of the year.

    It is believed the company was able to report the relatively small corporate
    income tax bill because its sales to British customers are routed through a
    Luxembourg affiliate, Amazon EU Sarl.

    Corporate tax avoidance in the UK has become a political issue after
    revelations in recent years that multinational companies such as Apple Inc,
    Starbucks, Google and Microsoft have paid small amounts in relation to their
    sales.

    Labour MP Nick Brown said Amazon's tax contribution was "pathetic".

    "HMRC should be going through this company's tax arrangements with a
    fine-tooth comb," he said.

    Liberal Democrat MP John Hemming said the figures showed the inadequacy of
    existing rules to tackle the problem of profit shifting by major
    corporations.

    "The government clearly needs to do a detailed study on how to handle the tax
    implications of e-commerce," he said.

    A statement from Amazon emailed to Sky News said: "Amazon pays all applicable
    taxes in every jurisdiction that it operates within.

    "Amazon EU serves tens of millions of customers and sellers throughout Europe
    from multiple consumer websites in a number of languages dispatching products to
    all 27 countries in the EU.

    "We have a single European headquarters in Luxembourg with hundreds of
    employees to manage this complex operation."

    In December, the Public Accounts Committee accused Amazon of behaving
    "immorally" in regard to taxes.

    Related stories:

Panda
Platinum Poster
Platinum Poster

Female
Number of posts : 30555
Age : 59
Location : Wales
Warning :
0 / 1000 / 100

Registration date : 2010-03-27

Back to top Go down

Re: Amazon U.K. Unit paid £2.4 million tax on sales of £4.3 billion

Post  wjk on Thu 16 May - 9:45

And its all legal!

wjk
Platinum Poster
Platinum Poster

Female
Number of posts : 7812
Age : 51
Location : Manchester
Warning :
0 / 1000 / 100

Registration date : 2009-08-20

Back to top Go down

Re: Amazon U.K. Unit paid £2.4 million tax on sales of £4.3 billion

Post  Panda on Thu 16 May - 11:15

wjk wrote:And its all legal!

I honestly think Government , by any Party , hasn't the ability to make a stand and stop this nonsense of off shore Companies. Either amazon pay the correct tax or ban them from selling goods in the U.K......simple.!!!

Panda
Platinum Poster
Platinum Poster

Female
Number of posts : 30555
Age : 59
Location : Wales
Warning :
0 / 1000 / 100

Registration date : 2010-03-27

Back to top Go down

Re: Amazon U.K. Unit paid £2.4 million tax on sales of £4.3 billion

Post  wjk on Thu 16 May - 11:26

Morning Panda, 100% agree.

wjk
Platinum Poster
Platinum Poster

Female
Number of posts : 7812
Age : 51
Location : Manchester
Warning :
0 / 1000 / 100

Registration date : 2009-08-20

Back to top Go down

Re: Amazon U.K. Unit paid £2.4 million tax on sales of £4.3 billion

Post  Panda on Thu 16 May - 11:34

wjk wrote:Morning Panda, 100% agree.

One of the Government Tax Advisers has a Company in Guernsey which only pays Corporation Tax of something like £300, when is any Government going to close these loopholes....never, because most use them.!!! wjk, it's one law for the rich and one for the poor.

Panda
Platinum Poster
Platinum Poster

Female
Number of posts : 30555
Age : 59
Location : Wales
Warning :
0 / 1000 / 100

Registration date : 2010-03-27

Back to top Go down

Re: Amazon U.K. Unit paid £2.4 million tax on sales of £4.3 billion

Post  Badboy on Thu 16 May - 11:51

I SAY THE GOVERNMENT SHOULDN'T BE GIVING GRANT MONEY TO AMAZON ANYWAY BECAUSE THEY MAKE SUCH BIG PROFITS ANYWAY, WHY DO THEY NEED GOVERNMENT MONEY.

Badboy
Platinum Poster
Platinum Poster

Male
Number of posts : 7736
Age : 50
Warning :
0 / 1000 / 100

Registration date : 2009-08-31

Back to top Go down

Re: Amazon U.K. Unit paid £2.4 million tax on sales of £4.3 billion

Post  Panda on Thu 16 May - 12:46

Badboy wrote:I SAY THE GOVERNMENT SHOULDN'T BE GIVING GRANT MONEY TO AMAZON ANYWAY BECAUSE THEY MAKE SUCH BIG PROFITS ANYWAY, WHY DO THEY NEED GOVERNMENT MONEY.
Exactly Badboy! they are not contributing to the economy or manufacturing in the U.K.

Panda
Platinum Poster
Platinum Poster

Female
Number of posts : 30555
Age : 59
Location : Wales
Warning :
0 / 1000 / 100

Registration date : 2010-03-27

Back to top Go down

Re: Amazon U.K. Unit paid £2.4 million tax on sales of £4.3 billion

Post  wjk on Thu 16 May - 13:20

Panda wrote:
Badboy wrote:I SAY THE GOVERNMENT SHOULDN'T BE GIVING GRANT MONEY TO AMAZON ANYWAY BECAUSE THEY MAKE SUCH BIG PROFITS ANYWAY, WHY DO THEY NEED GOVERNMENT MONEY.
Exactly Badboy! they are not contributing to the economy or manufacturing in the U.K.

Grant money!! You really couldn't make it up!

wjk
Platinum Poster
Platinum Poster

Female
Number of posts : 7812
Age : 51
Location : Manchester
Warning :
0 / 1000 / 100

Registration date : 2009-08-20

Back to top Go down

Re: Amazon U.K. Unit paid £2.4 million tax on sales of £4.3 billion

Post  Badboy on Fri 17 May - 0:19

IF YOU PURCHASE A BOOK FROM FOYLES,TAX GETS PAID.

Badboy
Platinum Poster
Platinum Poster

Male
Number of posts : 7736
Age : 50
Warning :
0 / 1000 / 100

Registration date : 2009-08-31

Back to top Go down

Re: Amazon U.K. Unit paid £2.4 million tax on sales of £4.3 billion

Post  Badboy on Fri 17 May - 17:43

BOOKS ETC AND BLACKWELLS HAVE BEEN SUGGESTED AS ETHICAL ALTERNATIVES

Badboy
Platinum Poster
Platinum Poster

Male
Number of posts : 7736
Age : 50
Warning :
0 / 1000 / 100

Registration date : 2009-08-31

Back to top Go down

Re: Amazon U.K. Unit paid £2.4 million tax on sales of £4.3 billion

Post  Panda on Fri 17 May - 18:03

The problem is Badboy that amazon is on the internet and they sell cheaper because they can afford to when they are not paying tax.

Panda
Platinum Poster
Platinum Poster

Female
Number of posts : 30555
Age : 59
Location : Wales
Warning :
0 / 1000 / 100

Registration date : 2010-03-27

Back to top Go down

Re: Amazon U.K. Unit paid £2.4 million tax on sales of £4.3 billion

Post  Badboy on Tue 18 Feb - 0:45

PAYING TAXES MIGHT BE THE LEAST OF AMAZON'S PROBLEMS BECAUSE IT HAS BEEN SUGGESTED AMAZON'S DOMINANCE MIGHT BE CHALLENGED BY SOMEONE ELSE,NOT SURE WHOM.

Badboy
Platinum Poster
Platinum Poster

Male
Number of posts : 7736
Age : 50
Warning :
0 / 1000 / 100

Registration date : 2009-08-31

Back to top Go down

Re: Amazon U.K. Unit paid £2.4 million tax on sales of £4.3 billion

Post  Badboy on Fri 28 Oct - 14:17

AMAZON'S PROFITS HAVE FALLEN CAUSING A 5% FALL IN SHARE PRICES.

Badboy
Platinum Poster
Platinum Poster

Male
Number of posts : 7736
Age : 50
Warning :
0 / 1000 / 100

Registration date : 2009-08-31

Back to top Go down

Re: Amazon U.K. Unit paid £2.4 million tax on sales of £4.3 billion

Post  Sponsored content Today at 14:39


Sponsored content


Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum