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Filing: Amazon had sales of €44B in Europe in 2020, but reported a €1.2B loss and therefore paid no corporate tax

Despite lockdown surge the firm's Luxembourg unit made a €1.2bn loss and therefore paid zero corporation tax  —  Fresh questions have been raised …

The Guardian Rupert Neate

Discussion

  • @margarethodge Margaret Hodge on x
    Amazon's relentless campaign of appalling tax avoidance continues... https://twitter.com/...
  • @dresserman Steve Dresser on x
    The key question remains, and it's irresponsible journalism not to make it. What profit did they make? A loss? That explains it. https://twitter.com/...
  • @carolinepennock Caroline Dodds Pennock on x
    I think Amazon are the evil empire as much as the next person, but these pointless articles make me so cross. It doesn't make the slightest difference what their income was - the question is how much profit. (The answer, nowhere in this article, is I think about -£700m. A loss.) …
  • @carolinelucas Caroline Lucas on x
    Nothing could better illustrate how our tax system is broken Huge multinational corporations are not paying their fair share while the building blocks of society crumble through lack of funding. This has to change https://www.theguardian.com/ ...
  • @yanisvaroufakis Yanis Varoufakis on x
    If the EU had a semblance of decency, a troika should be sent to Luxembourg & its banks should be shut down. But, of course, they only do this to the people of countries they impoverish on behalf of their technofeudal lords hiding their dough in Luxembourg https://www.theguardian…