Net-A-Porter Is Charged With Tax Evasion But Profits Are Claimed.

July 18th, according to the British media fourth channel (Channel 4 News) reported that the British fashion luxury electric business Net-a-Porter has recently been accused of tax evasion. As an online retailer, Net-a-Porter has only paid a small part of the tax payable by e-commerce companies that the public expects.

Channel fourth Express When Net-a-Porter settled in March 2013, its sales reached 435 million pounds, but deliberately claimed that it had lost 2 million 700 thousand pounds to pay less taxes. The report also pointed out that Net-a-Porter used a "smart plan" and legitimate means to turn profits into losses, thereby evading taxes.

The news asserted that the so-called loss was partly due to the fact that in 2010 Switzerland's Richemont chose to pay shares for senior management after taking charge of Net-a-Porter. That is precisely the way it would generate a loss in the balance sheet, so that the company successfully disguised its total tax payable.

"In this special In the company case, we don't know where it makes money, nor what it uses to pay taxes. British tax investigator Richard Murphy told Channel fourth. "We are not even sure that he has paid taxes. In the end, the Swiss company accounts no cash at all. "

The fourth channel also emphasizes that the accounting practice of Net-a-Porter has not broken any legal provisions, but it is too easy for such companies to evade taxes. At the same time, the media also asked the Her Majestys Revenue and Customs (HMRC) why it has not done enough work to combat such unreasonable corporate tax fraud so far.

"Net-a-porter Group Limited has noticed that the criticism of the media is about its tax status in the UK. Net-a-porter is a successful UK based global business company with over 1500 British employees and 800 employees all over the world. The company's contribution to the UK economy can not be underestimated." Mark Sebba, chief executive of Net-a-Porter group, told the women's wear daily in response to tax evasion accusations.

Mark Sebba also said: "the company will continue to invest a lot of money in expansion, development and innovation. Net-a-porter has been trying to maintain its tax revenue in the UK in the form of a British way, and in accordance with the policies of the law and the General Administration of customs, the best practice is to pay taxes on time. Since its inception in 2000, Net-a-porter has never tried to avoid paying taxes in areas where it operates.

Net-a-Porter is the latest large company to receive tax investigation. Google, Amazon and Starbucks were also accused of stealing and evading taxes.