Slashdot: Why Amazon’s UK Tax Bill Has Dropped 50%
Why Amazon’s UK Tax Bill Has Dropped 50%
Published on August 11, 2017 at 12:00PM
An anonymous reader quotes a report from BBC: Amazon has seen a 50% fall in the amount of UK corporation tax it paid last year, while recording a 54% increase in turnover for the same period. This snippet of news raised eyebrows this morning when it was revealed. So what’s going on? Taxes are paid on profit not…