date:Nov 13, 2012
respond to emails or calls asking for explanations about the discrepancy.
It's just not acceptable .. It's outrageous, the committee's chairman, Margaret Hodge MP, said of Cecil's inability to answer questions about Amazon's UK sales and corporate structure.
Amazon's main UK unit paid less than 1 million pounds in income tax last year.
Amazon avoids UK taxes by reporting European sales through a Luxembourg-based unit. This structure allowed it to pay a tax rate of 11 percent on foreign profit