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UK government gave Amazon a tax break last year
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UK government gave Amazon a tax break last year
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22nd July 2022, 15:23
| #1 |
| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 153,541
 |  UK government gave Amazon a tax break last year Even while its revenue climbed to £6.1 billion. While most British businesses pay huge amounts of tax it seems that Amazon not only lives tax free but gets a rebate from the UK government. Amazon UK Services Limited, the online retailer's core UK branch that includes the firm's network of warehouses, was awarded a tax credit of just over £1 million last year by HM Revenue and Customs - even though the company's profits rose almost 60 per cent. The tax break was a part of €1 billion in tax credits that European nations gave to Amazon EU Sarl, the US company's Luxembourg-based division. This was a significant rise from the €56 million in tax advantages Amazon's European branch received a year earlier. https://fudzilla.com/news/55190-uk-g...reak-last-year |
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