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UK has 'red flagged' 4,600 sellers for tax evasion on marketplaces like Amazon in 2 years

Ingrid Lunden
UK has 'red flagged' 4,600 sellers for tax evasion on marketplaces like Amazon in 2 years

Sites like Amazon and eBay have made it very compelling for consumers to buy online rather than in stores, in part because prices are very competitive and in many cases cheaper than what buyers might find in traditional retailers. The UK's tax authority has 'red-flagged' 4,600 online merchants, from a total of 7,000 investigations, in the last two years that have been evading sales taxes on goods sold in the UK on major marketplace sites like Amazon and eBay. Many of those online stores have been shut down and deleted as a result, while those now selling to UK buyers legitimately are giving the UK's tax coffers a £205 million ($255 million) boost.