The Sunday Times said eBay had paid barely more than £1m in corporation tax in the UK despite sales of £800m a year. Some £50m in tax had been avoided on the basis of its calculation that eBay’s UK profits would have been £181m in 2010 and corporation tax bill of £51m. It paid just £1.2m that year by channelling sales through Luxembourg and Switzerland.  Article

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W-T-W thanks for the picture.

Starbucks CEO Howard Schultz to Answer Questions about Tax Evasion before Parliament.