The last two paragraphs of the Guardian article I flagged yesterday:
"Earlier this year the Guardian revealed that Amazon generated sales of more than £3.3bn via its UK website last year but paid no corporation tax on any of the profits from that income.
"Security and Exchange Commission filings, highlighted by Bookseller magazine, show that in the past three years, Amazon generated sales of more than £7.6bn in the UK without attracting any corporation tax on the profits from those sales."
It's absurd to let a company have vast turnover here and not pay tax here, in relation to that turnover. If that turnover went through UK companies based here, the profits would be duly taxed and full VAT would be paid.
The question is, when will the government wake up to doing something effective about it? It's crazy for the tories to complain they're short of money while allowing potential tax revenue to be leaked away like this.