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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