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Reuters investigates how Amazon (AMZN) channels its sales via its Luxembourg units and uses an...

Reuters investigates how Amazon (AMZN) channels its sales via its Luxembourg units and uses an inter-company payments system to avoid paying hundreds of millions of dollars of taxes not just to several European governments, but also to the IRS in the U.S., which says Amazon owes its $1.5B.
Comments (4)
  • Oh no...a leftist company avoiding taxes.....my o my
    6 Dec 2012, 06:38 AM Reply Like
  • A leftist company? The election is over, get on with your life.
    6 Dec 2012, 06:49 AM Reply Like
  • Oh! what a tangled web we weave
    When first we practice to deceive!

     

    Anyway, isn't this old news back from April when it was reported by the Guardian?
    http://bit.ly/Kmt7an

     

    "Amazon's 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."
    6 Dec 2012, 08:35 AM Reply Like
  • AMZN has so many problems that this is just another one... yet the market doesn't punish it whatsoever
    6 Dec 2012, 01:10 PM Reply Like
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