trending Market Intelligence /marketintelligence/en/news-insights/trending/mtgqldmy1id842tlfa-2dg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Amazon bans thousands of sellers over UK tax evasion

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform


Amazon bans thousands of sellers over UK tax evasion

Amazon.com Inc. has banned thousands of seller accounts for not paying value-added tax in the U.K., The Times (London) reported June 16.

Tens of thousands of products reportedly became unavailable on Amazon's platform over a 48-hour span as a result of their vendors, which were mainly based in China, getting blocked.

The Seattle-based e-commerce giant's move is under an agreement made this year with Her Majesty's Revenue and Customs, or HMRC, in the U.K., through which online marketplaces such as Amazon and eBay Inc. voluntarily provide data and shut down sellers that were not paying value-added tax, or VAT, on products sold to British shoppers.

Meanwhile, China's Alibaba Group Holding Ltd. has opted against joining the agreement, which is part of a U.K. government crackdown on tax fraud by overseas companies, according to the report. It cited data from the British National Audit Office that said up to £1.5 billion was lost to VAT fraud in 2017, with HMRC attributing an estimated 60% of such activity to non-EU sellers, mostly Chinese.

Amazon confirmed its seller bans to The Times, also telling the newspaper that they could be lifted following VAT compliance.