Amazon handed £492 million ($678 million) to the UK taxman last year, from a total of £20 billion ($27 billion) in revenue, as the pandemic and lockdowns nitro-charged their online sales. Figures filed recently in Companies House show total revenues of £20.63 billion for the group in the UK during 2020, up from £13.73 billion ($18.93 billion) in 2019. Amazon’s taxes have often become something of a lightning rod for anger at how Big Tech multinationals appear to side-step UK taxes. Amazon said in a statement on Sept. 7 that it has plunged over £32 billion ($44 billion) of investments into its UK operations in the last decade. The company also says it helps to “fund public services and infrastructure” through a further £1.1 billion ($1.52 billion) that ended up in the coffers of the Treasury via “indirect taxes,” such as VAT paid by its customers or income tax from its employees. …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta