DIXONS RETAIL chief executive Sebastian James has backed warnings that UK retailers could be driven out by tax avoidance from larger multinationals, citing Amazon.
John Lewis managing director Andy Street yesterday said Amazon would be able to "out-trade" and "out-invest" its British rivals.
Writing on his Twitter account, James said: "I agree with Andy Street: retailers making profits in the UK should pay tax in the UK."
The comments follow Amazon's appearance before the Public Accounts committee alongside Starbucks and Google to answer accusations of corporate tax avoidance.
Amazon director of public policy Andrew Cecil was roundly criticised by the committee for his lack of "serious" responses, and was told a more senior executive would be summoned in his stead.
Dixons has 1,200 stores, including PC World and Currys, and Amazon is a major rival.
Sign up for Financial Director email alerts
Please enter your email below to receive your profile link
Search by job title, salary, or location - we only list senior financial roles
0930, 26 Aug 2014
Accountancy Age expands on last year's successful masterclasses with new series of courses
It’s not all Rickrolling and LOLcats: Millennial workers are key to the future of finance and understanding them is essential to unlocking their value...
Send to a friend