3 ms·
Similar story in the UK. People are sick and tired of Amazon deriving huge profits out of the UK market ($17.5 billion in 2019) and paying just a minuscule amo
by cutthegrass2 5y ago
Similar story in the UK.
People are sick and tired of Amazon deriving huge profits out of the UK market ($17.5 billion in 2019) and paying just a minuscule amount of tax on those UK sales (£6.3 million in 2019) using a mixture of clever accounting techniques (not available to other businesses) and funnelling profit out via subsidiaries in low tax jurisdictions (Luxembourg).