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In 2021, Amazon EU S.à r.l. had a revenue of over 51 billion euros Can't find numbers on profit, but companies such as amz are experts on creativity, as indica
by retSava 4y ago
In 2021, Amazon EU S.à r.l. had a revenue of over 51 billion euros
Can't find numbers on profit, but companies such as amz are experts on creativity, as indicated by eg this quote:
Amazon paid zero corporation tax in Luxembourg last year, despite seeing a record sales income of €44 billion.
As first reported by The Guardian, accounts for Amazon EU Sarl published online showed that despite making billions of dollars in sales, the company's Luxembourg unit, which oversees retail in countries across Europe, made a €1.2 billion loss and therefore paid zero tax.
Not only did the company not have to pay corporate tax, but it was also handed €56 million in tax credits to offset future tax bills in the event that it does turn a profit. That also comes on top of €2.7 billion in losses that have been carried forward and can be used to offset future tax bills.
Ie, not a sledge hammer.