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UK: Amazon accused of failing to pay corporation tax by protesters outside London headquarters

Author: Jessica Clark, City A.M., Published on: 2 December 2019

"Unions protest outside Amazon's London HQ on Cyber Monday", 2 December 2019

Union members demonstrated outside Amazon’s London headquarters this morning and accused the e-commerce giant of failing to pay the correct amount of corporation tax. 

The GMB union estimated that the retailer should have paid £103m in corporation tax last year, but claims the company’s biggest UK arm paid £14m of tax on £2.3bn worth of sales...

...In response to the demonstrations Amazon said: “These calculations are completely incorrect...they assume uniformity of profits across geographies, which isn’t the case."...

...“In the UK, we’ve invested £18bn since 2010 and we employ 29,500 people. We pay all taxes owed and our total tax contribution in the UK in 2018 was £793m – £220m in direct taxes and £573m in indirect taxes.”

Read the full post here