Amazon's (AMZN -2.8%) tax issues extend beyond the U.S.: British authorities are investigating...
Wednesday, April 4, 2012, 4:11 PM ETAmazon's (AMZN -2.8%) tax issues extend beyond the U.S.: British authorities are investigating why Amazon's Luxembourg-based Euro subsidiary paid no taxes on its 2011 U.K. sales, which totaled over $5.3B. It's added Amazon's U.K. ops paid less than $5M in taxes from 2003-2011, and that its corporate structure allows it to charge a VAT of just 3% on local e-book sales, rather than the 20% charged by British rivals. (earlier)
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