Amazon EU paid no income tax on €51 billion of sales in 2021, report

clock • 3 min read
Amazon's European unit evaded income tax on €51 billion of sales in 2021, report
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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...

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