M&S becomes embroiled in tax row

 

Marks and Spencer was dragged into the intensifying corporate tax avoidance row on Sunday night with allegations that its online sales operation was operated in a similar way to that of Amazon to minimise payments to the UK Treasury.

M&S has set up a company in Ireland to distribute goods ordered online across Europe. These goods are stocked in the UK and sold to the Irish company, leading to charges that the company is operating like Amazon, which bases its EU operations in Luxembourg, enabling it to avoid paying UK tax by invoicing the sales elsewhere.

M&S denied the charges.

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