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Unintended consequences of playing fast and loose with corporation tax
Posted At: 03 December 2012 17:24 PMRelated Categories: Retail, Retailers
Suddenly the gods of international enterprise are finding themselves reaching pariah status. They might have been playing strictly by the rules, but only those of the tax regime, not those of fair play. And we British like our fair play.
Sitting supping coffee and doing your Christmas shopping at Amazon.com may have been the prospect not too long ago, but how many people will now take in the local bookstore as they bypass Starbucks? And how many more will track down their purchases on other websites? HMV and Waterstones may see a resurgence in fortunes. We may even find that, with the oh-so-easy-to-use Amazon being a no-go site for the champions of the underdog, the High Street may suddenly find it’s time for a renaissance.
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