Get the latest tech news
Amazon UK pays corporation tax for first time since 2020
End of ‘super-deduction’ means Amazon UK Services paid £18.7m last year, as British arm raked in sales of £27bn
Analysts said the corporation tax payment was likely to have been prompted by lower capital spending by Amazon, as it has reined in warehouse expansion. One can only surmise that the lack of transparency is connected to the sizeable chunk of UK revenue that is still shunted to the historically ‘loss-making’ subsidiary in Luxembourg.” A spokesperson for the company said: “As we continue to invest in our UK operations and workforce, we help fund public services and vital infrastructure, and create jobs throughout the country.”
Or read this on Hacker News
