“By setting up in Luxembourg, and channelling sales through its units there, the world’s biggest online retailer could minimise corporate taxes. It was a move with big financial consequences. Amazon’s Luxembourg arrangements have deprived European governments of hundreds of millions of dollars in tax that it might otherwise have owed, as reported in European newspapers. But a Reuters examination of accounts filed by 25 Amazon units in six countries shows how they also allowed the company to avoid paying more tax in the United States, where the company is based.”
http://uk.reuters.com/article/2012/12/06/uk-tax-amazon-idUKBRE8B50AT20121206
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Web’s Reach Binds N.S.A. and Silicon Valley Leaders
As Europe Plots Closer Ties, Britain Mulls Split
US poverty rate steady at 15 percent, but 'lower class' is booming
Nick Clegg's wealth tax is latest plan to make rich pay more
Entrepreneurs increasingly accepting 'bitcoins' in India
Apple shoots down drone strike tracking iPhone app
Carlsbad radar device part of smuggling crackdown
U.S. says it doesn’t believe in ‘diplomatic asylum’ despite having offered it in the past
New Hampshire city suing ‘Robin Hood’ for paying parking meters of strangers
Urban farming springs up on rooftops in hyper-crowded Hong Kong
Fracking could ruin German beer industry, brewers tell Angela Merkel
Companies turning again to stock buybacks to reward shareholders
Homeland Security mass US citizen face-scanning program rolled out in Orlando
World anti-doping agency wants a larger budget from national governments
China's planned crude oil futures may be priced in yuan