Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

The Guardian - UK

Business

Sarah Butler

Etsy paid just £128,000 in corporation tax in 2020 in the UK despite £160m in sales

Etsy United Kingdom United States TaxWatch George Turner OECD Ireland

The vast majority of UK sales – the total of which are revealed in Etsy’s US stock market filings – are booked via an Irish company. Photograph: Rafael Henrique/Sopa Images/Rex/Shutterstock

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.

Sign up to read this article

Read news from 100's of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Connecticut homeowner lies on ground where a crew was installing a guardrail, tells them ‘You didn’t ask me to sign anything’

Connecticut homeowner lies on ground where a crew was installing a guardrail, tells them ‘You didn’t ask me to sign anything’

Does she have a right to block their work?

We Got This Covered

Mahmoud Khalil asks US supreme court to review his deportation case

Mahmoud Khalil asks US supreme court to review his deportation case

A ruling against Khalil could impact the rights of immigrants to challenge their detention in federal court

The Guardian - US

Homeland Security grants temporary deportation reprieve for more than 100K Ukrainians and Sudanese

Homeland Security grants temporary deportation reprieve for more than 100K Ukrainians and Sudanese

More than 100,000 people from Ukraine and Sudan can stay in the U.S. without fear of deportation

The Independent UK

Catholic priest in Ecuador livestreams his own Mass. Then an enormous crucifix falls from the wall and fatally hits him

Catholic priest in Ecuador livestreams his own Mass. Then an enormous crucifix falls from the wall and fatally hits him

The unthinkable accident was caught on video

We Got This Covered

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

‘Money and medals over safety’: Nassar judge warns gymnasts are still being failed

‘Money and medals over safety’: Nassar judge warns gymnasts are still being failed

A decade after Larry Nassar’s crimes were first exposed, survivors and advocates have gathered at the World Gymnastics Championships to call for reform to be a priority

The Guardian - UK

Truck overturns in Kansas, sending dozens of cows loose on the roads: ‘It was a pretty nasty accident’

Truck overturns in Kansas, sending dozens of cows loose on the roads: ‘It was a pretty nasty accident’

It was a field day for the cows that survived.

We Got This Covered

Related Stories

Top stories on inkl right now

Connecticut homeowner lies on ground where a crew was installing a guardrail, tells them ‘You didn’t ask me to sign anything’

Connecticut homeowner lies on ground where a crew was installing a guardrail, tells them ‘You didn’t ask me to sign anything’

Does she have a right to block their work?

We Got This Covered

Mahmoud Khalil asks US supreme court to review his deportation case

Mahmoud Khalil asks US supreme court to review his deportation case

A ruling against Khalil could impact the rights of immigrants to challenge their detention in federal court

The Guardian - US

Homeland Security grants temporary deportation reprieve for more than 100K Ukrainians and Sudanese

Homeland Security grants temporary deportation reprieve for more than 100K Ukrainians and Sudanese

More than 100,000 people from Ukraine and Sudan can stay in the U.S. without fear of deportation

The Independent UK

Catholic priest in Ecuador livestreams his own Mass. Then an enormous crucifix falls from the wall and fatally hits him

Catholic priest in Ecuador livestreams his own Mass. Then an enormous crucifix falls from the wall and fatally hits him

The unthinkable accident was caught on video

We Got This Covered

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

‘Money and medals over safety’: Nassar judge warns gymnasts are still being failed

‘Money and medals over safety’: Nassar judge warns gymnasts are still being failed

A decade after Larry Nassar’s crimes were first exposed, survivors and advocates have gathered at the World Gymnastics Championships to call for reform to be a priority

The Guardian - UK

Truck overturns in Kansas, sending dozens of cows loose on the roads: ‘It was a pretty nasty accident’

Truck overturns in Kansas, sending dozens of cows loose on the roads: ‘It was a pretty nasty accident’

It was a field day for the cows that survived.

We Got This Covered

Our Picks

7 Foods From Your ’80s Childhood That Aren’t Made the Same Way Anymore

If you grew up in the 1980s, you probably remember the bright orange macaroni and cheese, the sweet taste of your favorite soda, and snacks that seemed to make every afternoon better. Some of those familiar products are still available, but the versions on store shelves today may not be…

Grocery Coupon Guide

Brooklyn couple uncover 1901 coal log tied to family history while restoring an 1880s house

James and Laureta Gale found a 1901 coal delivery schedule during their renovation of a historic lodging house. Their discovery connects to James's family history with coal delivery in Brooklyn. The couple is transforming the 1880s building into an 11-room guesthouse with modern amenities. They are also preserving original features…

The Times of India

A couple told a North Carolina woman they were only feeding the turtles, then she turned her camera to the pond

The woman kept on throwing food into the water.

We Got This Covered

A Michigan woman says she found worms in fudge from the Applebutter Fest, adding ‘I’m totally grossed out’

An unwanted visitor has made itself a home.

We Got This Covered

Lil Jon Says It's 'Hard To Process' Learning the Man Who Raised Him Wasn't His Biological Father

Lil Jon says cousin's DNA test revealed Willie, who raised him, was not his biological father. Ahead of his memoir's release, he reflects on unanswered questions, his son's death and relatives' calls.

International Business Times UK

39 Years Later, One X-Men Legend Almost Fixed A Massive Star Trek Timeline Gap

Could we have gotten a deep-dive into Star Trek history? James McAvoy's prequel pitch about playing a younger Picard on the Stargazer sounds amazing.

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play