eBay and Netflix combined UK tax bill was just £1.9million

eBay and Netflix combined UK tax bill was just £1.9million
 

Two US tech giants paid less than £2million in UK tax between them last year.
The combined UK tax bill of eBay and Netflix was just £1.9million, despite both companies having millions of British customers.
eBay previously told authorities in the US it registered $1.3billion of UK revenue.
Yet it paid just £1.6million in UK tax on a £7.6million profit, while Netflix paid only £300,000 on £1million profit.
The Financial Times says this raises new concerns on how companies are able to minimise their tax bills.
Defending its payment, an eBay spokesperson told metro.co.uk: ‘In all countries and... read more

 
12 October 2017 in Hot News, Views: 59
Source: Metro
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