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Now That Is What You Call A Tax Refund

ProfilePosted byOptionsPost Date

+++DetEcTive+++

+++DetEcTive+++ Report 16 May 2013 09:56

If Amazon are so profitable, why have they been given grants? :-S

JustJohn

JustJohn Report 16 May 2013 09:22

What a soft touch UK Ltd is. Loads of people without NI numbers, no tax and NI being paid on their cash in hand wages. Most of wages filtering back to their families in other parts of the world.

Huge money being made in drug factories. One locally had dug an illegal deep well to get water, and had tapped into local street lighting for electricity and had over a million pounds worth of cannabis plants on premises (a posh suburban house in a very respectable area).

And huge multi-national companies like Amazon deciding where, when and how much tax to pay:-0 :-0 :-0

OneFootInTheGrave

OneFootInTheGrave Report 16 May 2013 08:23

Amazon Sales £4.2bn, Tax Paid £2.4m, Grants Received £2.5m :-S

Amazon's UK subsidiary paid £2.4m in corporate taxes last year on sales of £4.3bn, a rate of less than 0.1%, the online retailer's accounts show :-|

The tax bill was almost as much as the £2.5m in government grants Amazon received over the same period, according to a Companies House filing :-|

The taxes are relatively low compared to sales because the company earns its profits in Luxembourg.

http://www.bbc.co.uk/news/business-22549434