Feeds

Brit retailers tell Amazon and Google to pay their taxes

Your tax avoidance is killing our business, mate

Combat fraud and increase customer satisfaction

British retailers have been calling on overseas firms that make a profit in Blighty to pay their tax in the country as well.

Dixons boss Sebastian James tweeted that he agreed with John Lewis chief Andy Street, who said on Wednesday that Amazon can use its tax position to get one up on UK companies.

"There is less money to invest if you are giving 27 per cent of your profits to the Exchequer,” he told Sky News. “Clearly, if you are domiciled in a tax haven you’ve got much more [money]. [Amazon] will out invest and ultimately out trade us. And that means there will not be a tax base in the UK."

Mothercare chairman Alan Parker also supported Street, saying that unfair pricing from tax avoiders was putting UK businesses at risk, The Guardian reported.

Amazon was hauled up in front of MPs at the start of this week, along with Google and Starbucks, to answer questions about how it got away with paying so little corporation tax in Britain when the bulk of the business seemed to be carried out in the country. None of the three companies were able to change the Public Accounts Committee's mind that they may be avoiding tax legally, but not morally.

Retailers have a particular axe to grind with Amazon, as its lower prices and internet business model has long been accused of putting high street shops out of business.

Business Secretary Vince Cable said that public anger was building against apparent tax-dodgers and Chancellor George Osborne should address the issue in his Autumn Statement.

"Some of them [multinationals] seem to be avoiding tax systematically and this is deeply angering tens of thousands of British companies who do pay their tax properly, so we have to get to grips with it," The Financial Times and others reported him as saying. ®

SANS - Survey on application security programs

More from The Register

next story
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Don't let no-hire pact suit witnesses call Steve Jobs a bullyboy, plead Apple and Google
'Irrelevant' character evidence should be excluded – lawyers
EFF: Feds plan to put 52 MILLION FACES into recognition database
System would identify faces as part of biometrics collection
Ex-Tony Blair adviser is new top boss at UK spy-hive GCHQ
Robert Hannigan to replace Sir Iain Lobban in the autumn
Alphadex fires back at British Gas with overcharging allegation
Brit colo outfit says it paid for 347KVA, has been charged for 1940KVA
Jack the RIPA: Blighty cops ignore law, retain innocents' comms data
Prime minister: Nothing to see here, go about your business
Banks slap Olympus with £160 MEEELLION lawsuit
Scandal hit camera maker just can't shake off its past
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.