DIXONS RETAIL chief executive Sebastian James has backed warnings that UK retailers could be driven out by tax avoidance from larger multinationals, citing Amazon.
John Lewis managing director Andy Street yesterday said Amazon would be able to “out-trade” and “out-invest” its British rivals.
Writing on his Twitter account, James said: “I agree with Andy Street: retailers making profits in the UK should pay tax in the UK.”
The comments follow Amazon’s appearance before the Public Accounts committee alongside Starbucks and Google to answer accusations of corporate tax avoidance.
Amazon director of public policy Andrew Cecil was roundly criticised by the committee for his lack of “serious” responses, and was told a more senior executive would be summoned in his stead.
Dixons has 1,200 stores, including PC World and Currys, and Amazon is a major rival.
CIot urges HMRC to consider a delay to the 1 September 2017 introduction of its new corporate offence of failure to prevent the criminal facilitation of tax evasion
The current business rates system is over-complex and reform is needed, but reforms should focus first of all on simplifying the appeals process, particularly for businesses which are subject to business rates exemption
The CIoT has called on the government to rethink its approach to ensuring online sellers pay the correct amount of VAT.
Jane Ellison to serve as 'tax minister' following ministerial responsibilities for public health. David Gauke become chief secretary to the Treasury