Russia is eBay’s number one priority for global expansion according to the Moscow Times. The news outlet cited a report in business daily Vedomosti that eBay was expanding its Russian services by opening its marketplace to some of Russia’s largest online stores.
“While many international companies have put expansion plans on hold amid a chill in Russia’s political relations with the West, as well as economic sanctions, eBay has stood by its commitment to expansion in the Russian market,” the Times said.
The article also reviewed some of eBay’s challenges in Russia, including package delivery and competitors.
Meanwhile, eBay continues to be under scrutiny in the UK over the amount of taxes it pays. The Mirror reported that eBay paid just 620,000 pounds tax on sales worth over 1.3 billion pounds.
The paper said eBay is legally allowed to report different sales in different regions due to the way the company is structured. In addition, it estimated that if it had paid corporate tax at the normal 23% rate, it would have faced a tax bill of about 2.8 million pounds, but said thanks to generous UK Treasury tax breaks, they only pay 5% tax – thus the 620,000-pound figure.
Finally, eBay announced its new Click & Collect delivery option is now live on eBay.co.uk.
“Over the coming weeks we will be adding more sellers onto the programme and increasing the number of Argos stores for collection. To benefit from Click & Collect make sure your listings are eligible,” advising sellers to offer “Fast and Free” with an eligible shipping service from one of five carriers, and to ensure packages meet weight and dimension requirements.
See the announcement on the eBay UK announcement board for details.