Feeds

Brit retailers tell Amazon and Google to pay their taxes

Your tax avoidance is killing our business, mate

Intelligent flash storage arrays

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. ®

Internet Security Threat Report 2014

More from The Register

next story
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.