Amazon 'pays 11 times less corporation tax than traditional booksellers'
Image source : theguardian.com
New report follows recent evidence that a Bedford branch of Waterstones pays business rates 17 times higher than a nearby business unit of the web giant The UK’s bookshops pay 11 times what Amazon does in corporation tax, according to a report fromthe Centre for Economics and Business Research . The Bookselling Britain report was unveiled at the Booksellers Association’s annual conference in Birmingham on Tuesday, revealing that bookshops contribute an estimated £540m to the UK economy, and pay an estimated £131m in tax, including £12m in corporation tax. This equates to 91p per £100 of turnov ▶ Full story on theguardian.com
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