Image:
Amazon's European unit evaded income tax on €51 billion of sales in 2021, report
The company says corporation tax is based on profits, not revenues, and last year it made a loss
Despite revenues topping €51.3 billion in 2021, Amazon's European retail segment reported €1.16 billion loss, allowing the company to avoid paying income tax in Europe. The Luxembourg-based unit...
To continue reading this article...
Join Computing
- Unlimited access to real-time news, analysis and opinion from the technology industry
- Receive important and breaking news in our daily newsletter
- Be the first to hear about our events and awards programmes
- Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
- Access to the Computing Delta hub providing market intelligence and research
- Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders
