UK booksellers pay 11 times more corporation tax than Amazon, report finds
A report commissioned by the UK Booksellers Association and released by the Centre for Economics and Business Research has found that UK bookshops pay 11 times more corporation tax than Amazon, reports the Bookseller.
The Bookselling Britain report found that UK bookshops contribute £1.9bn (A$3.3bn) to the UK economy each year; pay £131m (A$224m) in tax, which includes £12m (A$21m) in corporation tax; and support 46,000 jobs.
Booksellers Association CEO Tim Godfray said the report demonstrated the value of the bookselling sector to the UK economy, and urged the government to take its findings into consideration when making decisions that affected the sector. He also stressed the importance of creating a retail environment that allowed bricks-and-mortar retailers to better compete with Amazon.
The report was sent to Booksellers Association members to use as a lobbying tool with their local politicians.
Category: International news