There's some fierce debate going on about the demise of HMV tonight. Many will blame the rise in digital downloads, the fall in physical formats and HMV's failure in adapting their business model quickly enough. I can't help thinking, however, that the real reason behind HMV's demise are the companies who undercut HMV online such as Amazon - the companies that can do so because they fail to pay the correct amount (if any) of corporation tax, unlike HMV who not only pay corporation tax but also contribute to the country by paying National Insurance for their employees and also business rates on the shops that they rent. HMV won't be the first, and certainly won't be the last, but it smacks when the Government seem quite content to let it happen.












