Full news story on UK tax authorities investigate Amazon due to $5bn in sales but no corporation tax paid.
UK tax authorities investigate Amazon due to $5bn in sales but no corporation tax paid
Apr 06 2012
Amazon.co.uk, Britain's biggest online retailer (responsible for one in every four books sold in the UK, to name just one product category in its enormous repertoire), is being investigated by British tax authorities as it generated sales of more than $5bn in the UK in 2011 alone, but has paid no corporation tax on any income for at least three years. The Guardian reports that Amazon's tax affairs are being investigated in the US, China, Germany, France, Japan and Luxembourg.
British Parliament asks Amazon to clarify why it pays $9 million in income tax on $23 billion of UK sales.(May 20 2013) Amazon will be called back to give further evidence to members of the British Parliament "to clarify how its activities in the U.K. justify its low corporate...