Press "Enter" to skip to content

Amazon Hands £492 Million to UK Taxman From £20 Billion Revenue

Amnon Free Press/Central Press Syndicate, USA. Read, Enjoy and Share the Latest US News Updates.

Amazon handed £492 million ($678 million) to the UK taxman last year, from a total of £20 billion ($27 billion) in revenue, as the pandemic and lockdowns nitro-charged their online sales. Figures filed recently in Companies House show total revenues of £20.63 billion for the group in the UK during 2020, up from £13.73 billion ($18.93 billion) in 2019. Amazon’s taxes have often become something of a lightning rod for anger at how Big Tech multinationals appear to side-step UK taxes. Amazon said in a statement on Sept. 7 that it has plunged over £32 billion ($44 billion) of investments into its UK operations in the last decade. The company also says it helps to “fund public services and infrastructure” through a further £1.1 billion ($1.52 billion) that ended up in the coffers of the Treasury via “indirect taxes,” such as VAT paid by its customers or income tax from its employees. …

To continue reading this news article, follow the link to the news website.

For any inquiries, contact Amnon Free Press (Amnon Jobi Jakony) by writing to editor [at] amnonfreepress.com. Discover a world of hyper-local news below.

Other News:   The list of those guilty of acting against the United States goes beyond Joe Biden

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *