2 ms·
Someone correct me if I'm wrong here, but I believe the reason Amazon doesn't pay tax, and even now is only paying very little corporation tax is because corpor
by kypro 2y ago
Someone correct me if I'm wrong here, but I believe the reason Amazon doesn't pay tax, and even now is only paying very little corporation tax is because corporation tax is a tax on profits which is something Amazon avoids like the plague. In fact, I believe in the UK Amazon's ecommerce operations operate at a loss and have done for years...
I thought that the UK introduced a digital revenue tax in 2020 to tackle this issue which should tax all revenues of large multinational companies like Amazon at 2%. So Amazon did £27b in sales then I'm surprised to see they're only paying £18.7m in tax...
So am I right in thinking that in addition to this corporation tax bil Amazon is also paying hundreds of millions in digital revenues taxes, and that the The Guardian is just spinning a narrative around the corporation tax Amazon pays? Or is Amazon not paying the new digital revenue tax somehow?