Introducing Tax Avoiding HuffPo Luxembourg

HuffPoUK have jumped on the tax status exposé bandwagon, lambasting those terrible internet companies for avoiding tax:

At least they have been gracious enough to admit AOL does not make it into the top five companies on the internet. Guido wonders though, would that by any chance be the same HuffPo UK that is owned by AOL Limited, whose parent company is the Luxembourg-registered AOL Europe Société à responsabilité limitée?

The HuffPoUK exposé makes clear the benefits of such an arrangement:

“Amazon, the UK’s most popular shopping site, generated £3.2 million in UK profits last year yet managed to pay zero corporation tax as its European headquarters are registered in the tax haven of Luxembourg.”

Loads of media organisations have similar set ups, though most would not be so stupid as to throw stones from inside Arianna’s glasshouse. There was no byline on the post –  it seems whoever wrote it is ashamed to put their name to the: Biggest Piece of Hypocrisy Ever Seen on the Internet.™

UPDATE:



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GuidoFawkes Quote of the Day

Former Labour MP Dame Anne Begg:

“[Iain Duncan Smith] took to standing behind me during Prime Minister’s Questions. He stood at what’s called the Bar of the House and occasionally he would lean on my wheelchair. Our working relationship was slightly fraught anyway because I’d been critical of him a lot. I wanted to keep that criticism a professional criticism, not a criticism of him as a person so I never quite built up the courage to actually say: ‘Please don’t do that.'”

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