“The back taxes, penalties and interest that the French are seeking from Amazon relate to earnings in France for the years 2006-10 and ‘the allocation of income between foreign jurisdictions.’ Amazon reduces its exposure to corporation tax in France and most of the rest of Europe by reporting European sales through a Luxembourg-based holding company, taking advantage of the tiny Duchy’s relatively generous taxation of non-domestic earnings.”
http://www.rawstory.com/rs/2012/11/13/amazon-com-gets-252-million-tax-bill-from-france/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Perseus, Atlas Launch Global High-Frequency Bitcoin Trading Platform
Footage of distressed cows stir questions about growth drugs
White House insists NSA surveillance review will be independent
New U.S. Law Would Revoke Passports of Delinquent Taxpayers
Secret U.S. documents reveal Al-Qaeda has anti-drone operation
The best and worst states for taxpayers
State Department condemns Zimbabwe raids on LGBT rights group
CIA preparing to deliver Syrian rebels weapons through Turkey and Jordan
Trump Promises Death For Killing A Cop, Endorses Police Militarization
Scientists insist global warming ‘hiatus’ will be brief
Egypt protesters tear-gassed as world concern mounts
Army plans switch to ‘green’ bullets containing copper
Glenn Greenwald: Inside the mind of NSA chief Gen Keith Alexander
United Nations to question U.S. over spying allegations
Rand Paul on CNN speaks against possible Syria strike 8/30/13