Thursday 21 April 2022

Amazon Europe Unit Paid No Taxes on $55 Billion Sales in 2021

Amazon Europe Unit Paid No Taxes on $55 Billion Sales in 2021

Amazon.com Inc.’s main European retail business reported 1.2 billion euros ($1.2 billion) of losses in 2021, which allowed the company to pay no income tax and receive 1 billion euros in tax credits, corporate filings seen by Bloomberg show.
Read more: https://news.bloombergtax.com/daily-tax-report-international/amazon-europe-unit-paid-no-taxes-on-55-billion-sales-in-2021?source=Snapzu

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