Click Networks - IT Support Glasgow

Click Networks - IT Support Glasgow
Click Networks - IT Support Glasgow
Showing posts with label glasgow click networks. Show all posts
Showing posts with label glasgow click networks. Show all posts

Monday, 22 October 2012

Talk about double standards for business???


US auction site eBay has paid only £1.2m in tax in the UK, according to an investigation by the Sunday Times.

The newspaper said that its tax bill in 2010 comes despite eBay's UK subsidiaries generating sales of £800m.

The auction site - which also owns PayPal - responded that it "complies fully with all applicable tax laws". 

The report comes after coffee giant Starbucks was also accused of paying just £8.6m in corporation tax in the UK over 14 years.

According to the Sunday Times, eBay had sales of £789m during 2010 in the UK at its four British subsidiaries. Using its worldwide profit margin of 23%, it would have made a profit in the UK of £181m, leading to corporation tax owed of £51m.

Instead, it paid £1.2m, the report said.

Read the full article here:
http://www.bbc.co.uk/news/business-20022365