Talk about double standards for business???

US auction site eBay has paid only £1.2m in tax in the UK, according to an investigation by the Sunday Times.

The newspaper said that its tax bill in 2010 comes despite eBay's UK subsidiaries generating sales of £800m.

The auction site - which also owns PayPal - responded that it "complies fully with all applicable tax laws". 

The report comes after coffee giant Starbucks was also accused of paying just £8.6m in corporation tax in the UK over 14 years.

According to the Sunday Times, eBay had sales of £789m during 2010 in the UK at its four British subsidiaries. Using its worldwide profit margin of 23%, it would have made a profit in the UK of £181m, leading to corporation tax owed of £51m.

Instead, it paid £1.2m, the report said.

Read the full article here:
http://www.bbc.co.uk/news/business-20022365