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16/05/2013
Amazon Pay 0.1% Corporation Tax In 2012
Online retailer Amazon paid a rate of less than 0.1% corporation tax in the UK last year.
On sales of £4.2bn the UK subsidiary of the company paid £2.4m in corporate tax.
A Companies House filling reported by the BBC reveals that the amount of tax paid is slightly less than Amazon received in government grants over the same period.
The news comes amid an ongoing debate on tax avoidance in the UK following revelations about the tax arrangements of companies.
Amazon insists that it pays all required taxes in each country in operates in, according to the BBC.
(MH/CD)
On sales of £4.2bn the UK subsidiary of the company paid £2.4m in corporate tax.
A Companies House filling reported by the BBC reveals that the amount of tax paid is slightly less than Amazon received in government grants over the same period.
The news comes amid an ongoing debate on tax avoidance in the UK following revelations about the tax arrangements of companies.
Amazon insists that it pays all required taxes in each country in operates in, according to the BBC.
(MH/CD)
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