real-time news and commentary for investors
Friday, May 17
The British parliament will call Amazon (AMZN) back to testify before the Public Affairs...
The British parliament will call Amazon (AMZN) back to testify before the Public Affairs Committee to explain how it justifies paying just $9M in income tax on some $23B in sales to British customers over the past six years, Reuters said Friday, citing lawmakers. The company claims it should only pay tax in Luxembourg as it operates a single business in Europe from there, rather than multiple independent subsidiaries across the region. Reuters suggests this is a mischaracterization.