A recent piece in the Financial Times noted that that eBay’s U.K. subsidiary paid £1.6 million (U.S.$2.11m) in tax last year on revenues of £200 million (U.S.$263.7m) according to figures filed with Companies House, yet its annual report in the United States said U.K. revenues were $1.3 billion. The revenue figure reported in the U.S. filing looks like it included commissions eBay received on sales in the United Kingdom, says the article, but those figures are not included in the U.K. accounts. The article goes on to say that tax experts it consulted say it appears that the U.K. Commission revenue is being routed through the company’s Swiss subsidiary.
