Archives by Tag 'Online Profits Growth'

“Free” computers are creating a very expensive society

By Dyenamic Solitions - Last updated: Wednesday, May 29, 2013

While people are created equal, computers are not. When people share information freely, those who own the best computers benefit in ways that impoverish everyone else. Those with the best computers can simply take knowledge, wealth and power away from ordinary people. It doesn’t matter if the best computers run schemes called high frequency trading […]

Apple global tax avoiders- Senate committee

By Dyenamic Solitions - Last updated: Wednesday, May 22, 2013

A US Senate committee said Apple had used “a complex web of offshore entities” to avoid paying billions of dollars in taxes. The US Senate had said that Apple paid little or nothing on billions of dollars in profits placed in Irish subsidiaries. The Irish Republic, home to three Apple subsidiaries, claims that it is […]

Amazon UK paid just £2.4 million tax last year- despite £4 billion sales

By Dyenamic Solitions - Last updated: Friday, May 17, 2013

Amazon’s UK subsidiary paid £2.4 million in corporate taxes last year the online retailer’s accounts show- despite making sales of £4.3 billion.The tax bill was almost as much as the £2.5 million in government grants Amazon received over the same period, according to a Companies House filing. The taxes are relatively low compared to sales […]

Huge rise in UK internet usage reported

By Dyenamic Solitions - Last updated: Friday, March 8, 2013

The Office for National Statistics (ONS) in it’s lastest survey of internet useage in the UK reported that online growth is still expanding rapidly. The key points from their research are that: In 2012, 33 million adults accessed the Internet every day, more than double the 2006 figure of 16 million, when directly comparable records […]

Google’s boss is proud of tax avoidance

By Dyenamic Solitions - Last updated: Wednesday, December 12, 2012

Google’s tax avoidance is called ‘capitalism’- says chairman Eric Schmidt.Google chairman Eric Schmidt has insisted that he is “very proud” of the company’s tax structure, and said that measures to lower its payments were just “capitalism”. Mr Schmidt’s comments risk inflaming the row over the amount of tax multinationals pay, after it emerged that Google […]

John Lewis warns Amazon’s tax avoidance will drive UK companies out of business

By Dyenamic Solitions - Last updated: Wednesday, November 14, 2012

The UK Government must address the “Amazon tax issue” or risk driving law abiding UK based retailers out of business the managing director of John Lewis has warned.Andy Street said Amazon would “out-invest” and “out-trade” UK companies if the Government does not take action to force the online retailer to pay tax fairly in Britain. […]

OFT cracks down on leading online retailers

By Dyenamic Solitions - Last updated: Wednesday, October 17, 2012

In a crackdown on leading online retailers the Office of Fair Trading has found that more than a third could be breaking UK consumer laws.A check of 156 popular websites suggested that as many as 62 may not be fully complying with consumer protection law. The Office of Fair Trade (OFT) found unreasonable restrictions on […]

Asos sees big increase in online sales

By Dyenamic Solitions - Last updated: Monday, September 24, 2012

The online fashion retailer Asos saw a big increase in demand from US customers- which helped sales to grow 31% in the three months to the end of August.Overall sales increased to £141 million in that period, up from £107.4 million with 65% of the sales increase came from the US. The company said that […]

Sales of digital fiction book soar Publishers Association says

By Dyenamic Solitions - Last updated: Wednesday, September 19, 2012

A huge increase in the value of digital book sales in the UK has been announced by the Publishers Association (PA).The value of digital fiction sales in the first half of 2012 was up 188% on the same period in 2011. Meanwhile physical book sales saw a drop in value, dipping 0.4% year on year. […]

Amazon creates 2,000 new UK jobs

By Dyenamic Solitions - Last updated: Wednesday, September 5, 2012

Amazon is to create more than 2,000 permanent jobs in the UK over the next two years.The US based company will officially open a new distribution centre in Hemel Hempstead tomorrow, creating 600 of the new posts. It will open another two depots in the coming months. Prime Minister David Cameron welcomed the announcement: “This […]