for DODGY TAX AVOIDERS to pay corporation tax:
But what’s even worse is that DODGY TAX AVOIDERS, despite making sales of £2.9 BILLION in the UK last year, does not pay any UK corporation tax on the profits from those sales. In my book, that is not a level playing field and leaves independent retailers like us struggling to compete just because we do the right thing.
All DODGY TAX AVOIDERS UK book and toy sales are routed through its Luxembourg subsidiary. So when the British public buy goods from DODGY TAX AVOIDERS, they are in fact paying a Luxembourg company. This means DODGY TAX AVOIDERS can avoid paying British corporation tax on the profits it makes. Experts say if DODGY TAX AVOIDERS's total UK sales profits were not funnelled to Luxembourg, it could be paying as much as £100m a year in British corporation tax.
As Independent booksellers, we are happy with competition in the market but it must be on level terms and by dodging corporation tax in this way, DODGY TAX AVOIDERS start with an unfair advantage.