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The Five Internet Companies, Apple Inc., Google Inc., Facebook Inc., Amazon.com Inc. and eBay Inc. are accused of UK Tax dodging. The money owed to the exchequer is known by the officials as the tax Gap has grown to an epiphora of 35 billion HM Revenue and Customs has admitted.

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eBay, the online retailer, is buying an online payment platform, Braintree. eBay earlier was doing its payment Services through PayPal. PayPal is a global and dominant E-commerce business which lets customers make payments and money transfers through internet. PayPal is an acquirer which charges a particular amount on money transfers and payments.

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E-commerce company eBay Inc. has been summoned on the 16th of November by the state of California and their Department of Justice as well. The case is a result of an illegal agreement of the e-commerce company eBay Inc. with Intuit Inc. that the former would not employ the workers of the latter.

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Google Inc., Amazon.com Inc., eBay Inc., Facebook Inc. and other big Internet companies are joining forces to start a trade association. The association will be acting as a influential pro-internet lobbying group in the U.S. The group is to launch in September and will be responsible for handling political and regulatory issues as well.

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eBay Inc, one of the biggest online shopping websites, is ready to build a lasting friendship with social networking giant Facebook. A developer conference being organized later this week will bring the two pioneers together.

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