Amazon, eBay Called Out for UK Tax Practices

British media outlets have pounced on Amazon and eBay for how much the companies pay -- or don't pay -- in UK taxes. Amazon reportedly forces British publishers to cover a 20 percent VAT -- value added tax -- charge on ebook sales. This is seen as problematic because Amazon's European headquarters is in the tiny nation of Luxemburg, which charges the company just a 3 percent VAT.

Source: http://ectnews.com.feedsportal.com/c/34520/f/632000/s/24c064e9/l/0L0Stechnewsworld0N0Crsstory0C764470Bhtml/story01.htm

Theo Helfrich EASTMAN KODAK CO Travis Wade Kvapil