A number of companies who are trading in the UK are starting to come under criticism for the amounts of tax they pay in the UK compared to the overall revenue they generate in the UK.
The latest company is Amazon who paid a total of $3.7 million in UK tax on $6.5 billion in revenue, these figures were revealed in the company’s latest accounts.
Amazon and other companies are able to do this because their sales in the UK are sold through Amazon EU which is registered in Luxembourg, Amazon are not doing anything illegal here as they are within the UK tax laws.
Source Reuters
Filed Under: Technology News