Dixons and John Lewis make plea for firms to pay their share of tax
There seems to be something of a chorus coming from a variety of companies, all asking big firms to pay their share of tax. The chief exec of Dixons has said that UK retailers could well vanish if the Government doesn't do something about foreign companies who are managing to dodge (legally) their taxes.
Sebastian James' is looking squarely at multinationals like Amazon, Google and Starbucks, who are all coming under heavy criticism about how much they're putting into the pot.
James said: "I agree with Andy Street - retailers making profits in the UK should pay tax in the UK." Andy Street, the boss of John Lewis had previously said that his company could be put out of business (no more awful, saccharine Christmas ads then?) if the government don't sort this out, saying that companies in tax havens will "out-invest and ultimately out-trade" businesses paying full tax in the UK.
He added: "Our customers expect around a fair and level playing field and I suspect our customers do think both companies should be treated in the same way."
Business Secretary Vince Cable chipped in, saying that there is "systematic abuse" of the tax system by some multinational corporations and that these companies were "playing governments off against each other." Of course, the UK heads of Amazon, Google and Starbucks have had to appear before MPs in the Public Accounts Committee (PAC) earlier this week, but as they're not doing anything illegal, surely they can shrug their way out of this and the MPs should in fact, be looking at their own abilities to patch this up.