A worker wears a branded T-shirt inside Amazon's Black Friday pop-up space in London, Britain, November 21, 2017. REUTERS/Toby Melville
LONDON: Britain announced measures on Nov 22 to tackle tax avoidance by tech giants and to hold online marketplaces like eBay and Amazon.com accountable for tax evasion via their platforms.
Finance minister Philip Hammond said some multinationals were avoiding tax on profits generated from selling to UK customers by using inter-group royalty payments to shift those profits into affiliates in low-tax jurisdictions.
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