Uh oh, have Net-A-Porter taking a naughty book-keeping tip or two from Dolce & Gabbana?
After the famous designer duo got done for tax evasion, the online designer handbag retailer has been accused of the same thing.
According to Channel 4, Net-A-Porter have avoided paying too much tax by transforming profits into loss.
Tax Research UK's Richard Murphy commented: "In this particular company's case, we don't know where it's making its profits, we don't know where it's paying its tax. We don't actually even know it's paying its tax because there is no cash flow statement in these accounts because there is a Swiss parent company."
Net-A-Porter have since released a statement to The Drum, saying: "The Net-A-Porter Group Limited accounts fully reflect the company's business within the UK. The Net-A-Porter Group is fully liable for UK Corporation Tax on the results of these UK operations. The NET-A-Porter Group Limited is not a publicly listed company and its parent, Richemont, does not comment on the financial performance of individual businesses within the Group."
"The Net-A-Porter Group Limited is a business with a global reach and operations in the UK, the USA and Hong Kong. The Net-A-Porter Group Limited employs over 1,500 people in the UK, its largest geographical concentration of personnel."
We're still a little confused if we're being honest.
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