Friday 24 May 2013

Friday, May 24, 2013 Posted by Hari No comments Labels: , , , ,
Posted by Hari on Friday, May 24, 2013 with No comments | Labels: , , , ,

Fee and Chris boycott Amazon. KJ is not so sure...

SOURCE CHANNEL 4 NEWS: Amazon pays less corporation tax than it got in government grants
The UK arm of internet shopping giant Amazon received more money in government grants than it paid in UK corporation tax in 2012, according to its accounts. Amazon's UK subsidiary paid £2.4m in corporation tax in 2012, but it received £2.5m in government grants during the same period. The company has previously said it made £4.26bn in sales to British customers. Amazon received the grants from Scottish Enterprise, part of the Scottish government, to develop its operations in Scotland and create more jobs.

Is corporation tax being cut to make Britain more competitive, given the US rate is double ours? Or is it to continue the transfer of wealth from the bottom to the top


Post a Comment

Note: only a member of this blog may post a comment.

Share This

Follow Us

  • Subscribe via Email

Search Us