Press Amazon on corporate tax

the Guardian -

the Guardian—Guardian readers respond to reports of tech giant Amazon’s halved corporation tax bill Amazon’s implication that its corporate tax payments in the UK are very low partly because of its high investments in this country is both misleading and disingenuous (Amazon halves UK corporation tax bill to £4.5m as profits treble, 3 August). Investments in, for example, buildings and machinery are financed by a combination of loans, shareholders’ funds and net earnings – crucially – after tax. In other...

Amazon halved its UK corporation tax bill despite tripling profits. Amazon Services profits tripled in the UK last year. But, despite this, it has managed to halve its UK corporation tax bill.  Per figures posted publicly on Companies House, Amazon's corporation tax bill was £4.5m last year, down from £7.4m the previous year. Its profits, meanwhile, tripled from from £24m in 2016 to £72m in 2017.  SEE ALSO: Flabbergasted Twitter trashes Forbes story that suggests replacing libraries with Amazon The company has paid £1.7m of its bill, but it has deferred paying...