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Marks & Spencer next in line to face criticism for corporate tax structure Monday, 20th May 2013
Marks & Spencer has become embroiled in the corporate tax debacle which has seen tax campaigners criticise big companies about the way they structure its online sales to Europe. The Guardian has recently launched an investigation into companies who appear to be exploiting lenient tax rules by invoicing transactions to countries with the lowest corporate tax rates.
Amazon pays £3m in taxes on £4bn UK sales Wednesday, 15th May 2013
New reports of accounts filed by Amazon on Wednesday show the online retail giant’s main UK subsidiary paid just £3.2 million in tax last year, on overall sales of £4.2 billion. According to a report by the Guardian, the company’s tax charge for the year brings a total of £6 million paid by Amazon.co.uk Limited in a decade.
Amazon’s German workers strike Tuesday, 14th May 2013
Amazon's Leipzig factory. Amazon workers in Germany have been called on to stage a strike to persuade the online retailing giant to improve pay and benefits. According to Reuters, German labour union Ver.di on Tuesday announced a strike that will start at 6am local time and last until the end of the late shift.
M & S new 900,000 sq ft warehouse will help improve online sales Thursday, 9th May 2013
Marks & Spencer have opened a 900,000 sq ft warehouse in Castle Donington in a bid to improve its online trading. The clothing and homeware retailer currently only sells 15 per cent of its products online, 20 per cent less than major rival Next. The new facilities will mean the retailer will be able to deal with 1m orders a day, compared with a few hundred currently.
Amazon feels the heat as growth slows for Q1 Friday, 26th April 2013
Photo credit: Amazon Inc. Revenue at the world’s largest internet retailer rose 22 per cent in the first quarter, but it was a marked slowdown from a 36 per cent growth rate in the same period a year before. Shares in Amazon fell 1.9 per cent to USD 269.43 in after-hours trading on Thursday after the e-commerce giant revealed its international sales had struggled during the quarter.
Amazon receives over 30 million unique visits in December Tuesday, 26th March 2013
A report by comScore Inc. has revealed that Amazon is currently attracting more unique visits from European consumers than any other e-commerce site. The statistics in comScore’s results were obtained both from web servers and from a panel of European consumers currently totalling 2 million.
Petition to review Amazon's tax payments gains 100,000 supporters Friday, 22nd March 2013
A petition urging online retail giant Amazon to “pay their fair share of tax in the UK” has reached 100,000 signatures. Amazon, along with several other major corporations including Google and Starbucks, has been accused of diverting millions of pounds of its profits abroad in order to avoid paying British corporation tax.
Tesco to expand its online media sales through BlinkBox Monday, 4th March 2013
Tesco is to launch a number of new digital retail services through BlinkBox in an attempt to challenge Amazon’s dominance in the digital media sector. BlinkBox, in which Tesco has owned an 80 percent stake since 2011, already sells movies but there are now plans to launch two new services through the brand, BlinkBoxMusic and BlinkBoxBooks.