Amazon UK halves corporation tax to £7.4m as sales soar to £7bn

Company says low profits led to tax cut, but is yet to reveal complex corporate structure that funnels revenue from retail sales via Luxembourg

Amazon UK’s corporation tax bill halved to £7.4m last year despite the internet giant’s retail sales soaring past £7bn.

Amazon UK Services – the company’s warehouse and logistics operation that employs almost two-thirds of its 24,000 UK staff – saw its UK corporation tax bill plunge from £15.8m to £7.4m year-on-year in 2016.

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from Technology | The Guardian http://bit.ly/2vREHJu

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A global company located in Greater Manchester UK providing online and media solution under 1 umbrella for businesses located in the UK. whether you are a small business or enterprise business we can provide with all the tools and experience to empower you to make a success of your online venture.

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