FILE PHOTO: Amazon.com's logo is seen at Amazon Japan's office building in Tokyo, Japan, Aug. 8, 2016. REUTERS/Kim Kyung-Hoon/File Photo
Amazon does not publish its UK profits. British sales are reported largely through a web of Luxembourg-based companies, principally Amazon EU Sarl, which is also subject to UK tax on a portion of its earnings. However, that company reported a tax credit of 294 million euros last year. Last week, the company published a report on its tax contribution to Britain which said the group incurred taxes of 293 million pounds in 2019.
I'm all for everyone paying their way
What a joke...
0.00457% of their income paid as corporate tax, because they base their operations outside the country Not contributors to the economies they profit from
should have been $3.5 billion.
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