Etsy paid just £128,000 in corporation tax in 2020 in the UK despite £160m in sales
by Sarah Butler from US news | The Guardian on (#60HB5)
US-based business would have been liable for almost 7m if it had booked all UK sales at Etsy UK, TaxWatch finds
The online marketplace Etsy paid just 128,000 in corporation tax in the UK in 2020 despite racking up sales of $195.8m (160m) as it funnelled business through Ireland.
The Brooklyn-based business would have been liable for corporation tax of almost 7m if it had booked all sales made in the UK at its local entity, Etsy UK, according to research by the campaign group TaxWatch.
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