Amazon ‘turns a blind eye’ to £1.5bn VAT fraud
Amazon was accused last night of profiteering from a multi-billion-pound VAT fraud that is pushing British businesses to the wall.
MPs said the online retailer was ‘turning a blind eye’ to organised criminals from China and elsewhere who sell their goods cheaply on internet auction sites – but don’t register to pay VAT.
The scam takes up to £1.5billion a year from Treasury coffers and lets the sellers undercut law-abiding British traders, forcing them to fold or lay staff off.
FOLLOW THE LINK FOR THE FULL REPORT – JR