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Thursday, August 10, 2017

Amazon UK halves corporation tax to £7.4m as sales soar to £7bn | Technology | The Guardian

http://bit.ly/2wKYzKs

theguardian.com
– Mark Sweney
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Company says low profits led to tax cut, but is yet to reveal complex corporate structure that publishes revenue from retail sales via Luxembourg Amazon UK’s corporation tax bill halved to £7.4m last year despite its retail sales soaring past £7bn. Amazon UK Services – the company’s warehouse and logistics operation that employs almost two-thirds of its 24,000 UK staff – saw its UK corporation tax bill plunge from £15.8m to £7.4m year-on-year in 2016. Continue reading…
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