https://www.bbc.com/news/business-45823850

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Auction site eBay's UK subsidiary has agreed to pay an extra £7m in tax following a review by HMRC. According to the latest accounts from the firm, its sales in 2017 rose to more than £500m, but its profits were still relatively small at £20m. The £7m payment covers tax liabilities for previous financial years. Its tax bill for 2017 came to another £6m. In 2016, eBay paid only £1.6m in corporation tax on declared profits of £7.7m. The settlement makes eBay the latest online giant to pay more tax in the UK after public concern that such companies have not been paying their fair share. Big technology companies have frequently been criticised for booking profits in other countries and paying modest amounts of tax in the UK. Full story

11 October

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