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.
Andrew Tyrie suggests there will not be enough time to implement Making Tax Digital (MTD) by April 2018
The ACCA has announced a partnership with UK research and development tax reclaim specialist RD Tax Solutions
The tax HMRC expects is underpaid by large companies through “transfer pricing” has risen by 60%
The chancellor has “missed an opportunity” to restore business confidence and encourage UK investment, said Mazars