The company will abandon the pretense that its UK sales are consummated in Luxembourg and that the money floats in a state of taxless grace in the middle of the Irish Sea.
The move isn't entirely voluntary, of course. As of this April, companies that launder their profits offshore will still have to pay 25% tax on them in the UK. It remains to be seen whether Apple, Google, Facebook and other dodgers will follow suit.
A year ago, North claimed in an interview with the Guardian that Amazon’s European corporate structure was not determined by tax avoidance strategies, insisting it would be impossible to route sales to UK customers through a British company paying tax to HMRC. “We just couldn’t do that,” he said. “And a single European business is going to need a single European headquarters.”
Latest accounts for Amazon.co.uk Ltd show sales of just £449m for 2013 and a tax charge of £4.2m. Elsewhere in its corporate filings, however, Amazon attributed $7.29bn (£4.71bn) of worldwide net sales to the UK for the same year.
Amazon to begin paying corporation tax on UK retail sales [Simon Bowers/The Guardian]
(Image: This is a map of the Amazon River drainage basin with the Casiquiare River highlighted., Kmusser, CC-BY-SA)
In early 2018, Apple SVP of internet software and services Eddy Cue and SVP of internet software and services Morgan Wandell instructed TV creators it had commissioned to produce content for Apple TV Plus to avoid plots and scenarios that held China and the Chinese state up in a critical light.
AT&T business customers, including those who've been promised a locked-in rate inclusive of all taxes and fees, are finding "property tax" surcharges on their bills of up to 7%. These charges represent an attempt by AT&T to pass on the property taxes it pays on its own offices and other facilities to its customers.
Google and the other big tech companies are some of the most lavish funders of climate denial "think tanks" and lobbying groups, something they've been at continuously for more than six years, without interruption.
Still using elbow grease to clean the sinks, tubs and other grimy surfaces around your house? Save your elbows, and some time. If you’ve got a power drill, the RevoClean® 4-in-1 Drill Brush Cleaning Kit will instantly turn it into a professional scrubber that can tackle any stain on any surface. Attach the 4″ nylon […]
Need data storage? Join the club. It may still seem like the wild west out there, and for many companies, it’s a tough choice between security and accessibility. Luckily, there’s a platform that gives you a lot of both: Polar Backup Cloud Storage. Whether you’re a busy private citizen or managing valuable company data, Polar […]
There are a lot of different language apps out there because nobody learns anything the same exact way – especially not something as complex as a new language. For some people, the best way is to dive in and start talking, but that’s easier said than done if you’re not around those natives you aspire […]