Wednesday, 14 November 2012
Amazon's tax avoidance 'will drive UK companies out of business'
The Government must address the "Amazon tax issue" or risk driving UK-based retailers out of business, the managing director of John Lewis has warned.
The company has sparked outrage because despite having warehouses in the UK and employing 15,000 people, it drives all of its sales through Luxembourg. According to conservative MP Charlie Elphicke, last year Amazon’s UK sales amounted to £3.9bn but the company paid just £1.9m in tax – the equivalent of just 2.5pc of its estimated profits, based on its global operating margin.
The company has sparked outrage because despite having warehouses in the UK and employing 15,000 people, it drives all of its sales through Luxembourg. According to conservative MP Charlie Elphicke, last year Amazon’s UK sales amounted to £3.9bn but the company paid just £1.9m in tax – the equivalent of just 2.5pc of its estimated profits, based on its global operating margin.
European General Strike 14th November - Russia
THE PEOPLE UNITED WILL NEVER BE DEFEATED, solidarity protest in Berlin, Germany on N14 against austerity. The governments do not represent us, We must create a real union between people.
European General Strike 14th November - Spain
ATM machines in Spain sealed with general strike tapes
European General Strike 14th November - Italy
14N, General Strike in Italy. Demonstrators march in Rome earlier today.
European General Strike 14th November - Spain
14N Huelga General, Spain - Plaza Mayor de Valladolid.
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