London 2012 Olympic Shopping Mall Makes £200million Profit

Westfield is the largest worldwide market and shopping center. They have donated £200,000 to the Tories. They have paid tax nearly £60million throughout the Olympic year.  Recently, the Olympic mall has benefited with the £200million of taxpayer and paid 0.5% tax to the corporation. In 2012, they are raking £141million, and paid £211,893 to the United Kingdome Corporation Tax.

This hub was open in 2011 with the real estate of 1,883,700 square feet.  This is the largest place in the Europe, and third largest place behind Trafford and Metro centre.  It is adjacent to the Olympic park. This is the part of multipurpose development project of Stratford city, and said “takes its tax responsibilities seriously” and “honours all tax requirements in the UK”.

Olympic Development Agency has spent £200million on the construction of road and infrastructure from the East London hub. An Australian trade union has looked at the £1.5billion accounts of the Stratford City mall. This is for the opening of the Nicole Scherzinger singer. This city has owned by the Westfield with the two other funds of Canada and Holland. There are twenty eight subsidiaries registered as ownership in the United Kingdome, Australia, Guernsey, The United States and Jersey.

The United Voice report for this week as, “In 2012, the Stratford City showroom made a reported profit of £39.7million. The subsidiaries that own it paid a total of £211,028 in tax on that profit.
“This equates to an effective tax rate of 0.5%. How is this possible?
“In 2012, £60.1million went to companies in Jersey, Guernsey and Delaware, where they were no longer subject to UK taxation.”


The emporium towns have handled six shopping centers in this country. The spokeswomen said, “They work closely with HMRC to ensure its 100% compliant. Rental income of overseas investors in property is subject to UK tax under long-standing income tax provisions.”