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Amazon's (AMZN -2.8%) tax issues extend beyond the U.S.: British authorities are investigating...

Amazon'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)
Comments (1)
  • Losing Paper While Gaining ...
    , contributor
    Comments (497) | Send Message
     
    Britain likes free trade in the EU only when it's a British business making the trades and paying taxes to it.
    4 Apr 2012, 04:54 PM Reply Like
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