© 2020 – 2023 AEA3 WEB | AEAƎ United Kingdom News
AEA3 WEB | AEAƎ United Kingdom News
News

Etsy paid just £128,000 in corporation tax in 2020 in the UK despite £160m in sales

US-based business would have been liable for almost £7m if it had booked all UK sales at Etsy UK, TaxWatch finds

The online marketplace Etsy paid just £128,000 in corporation tax in the UK in 2020 despite racking up sales of $195.8m (£160m) as it funnelled business through Ireland.

The Brooklyn-based business would have been liable for corporation tax of almost £7m if it had booked all sales made in the UK at its local entity, Etsy UK, according to research by the campaign group TaxWatch.

Continue reading…

Related posts

Coronavirus live news: Donald Trump ‘no longer transmission risk’; Victoria to ease lockdown

AEA3

UK public health officials declare national incident over poliovirus

AEA3

Kemi Badenoch tipped as next education secretary in reshuffle

AEA3

Pin It on Pinterest

Share This