UK Government To Use PayPal For Identity Assurance

judgecorp writes "A UK government contract has confirmed earlier reports that British citizens will have the option to use PayPal to accredit themselves for public services such as the new Universal Credit benefit system. Using PayPal might be a public relations goof, as PayPal's parent eBay is notoriously clever at avoiding UK taxes, recently paying only £1.2 million on profit of £789 million (around 0.15 percent)."

Comments

More interesting than tax rate

[h4rr4r]

Far more interesting than their effective tax rate would be how much of that money was stolen from their users?

These folks love to freeze accounts and sieze money for any reason they can find. Paypal should be regulated as a bank.

Re:All banks do it.

[hawkinspeter]

PayPal Europe is a bank:

PayPal (Europe) S.Ã r.l. et Cie, S.C.A. is duly licenced as a Luxembourg credit institution in the sense of Article 2 of the law of 5 April 1993 on the financial sector as amended and is under the prudential supervision of the Luxembourg supervisory authority, the Commission de Surveillance du Secteur Financier, with registered office in L-1150 Luxembourg.