A total betrayal of UK companies. There are tens billions list if not trns. Amazon alone cost 1.399bn if they had7 paid 25%. Act now to save British companies not companies that want the UK market but won't pay UK tax! The UK should tax on revenue or profit for companies not based here!
Vince
Amazon UK entities' pre-tax profits up from £455m to £555m.
It pays corporation tax at an effective rate of 7.1%, headline rate is 25%. Profits shifted through intragroup transactions.
UK retailers can't compete with hard-wired systematic tax avoidance.
Tech company received infrastructure relief as its five biggest UK divisions generate £32bn in revenues
