Tax haven hypocrisy

When it comes to the debate on tax avoidance, the coalition seems to struggle in two respects. The first problem is that the government seems unable to articulate the idea that the main contribution of businesses to welfare is not the taxes they pay but the goods and services they provide to consumers. Amazon, for example, makes tiny profit margins on huge sales and has transformed the value we are able to obtain across many retail sectors: the BBC regularly quotes Amazon’s corporate tax figures as a percentage of its huge turnover and not as a percentage of its small profits and the government does nothing to counter the left-leaning bias in this debate.

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Source: http://www.iea.org.uk/blog/tax-haven-hypocrisy

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