Online platform giant pays only £1.7m corporation tax
Posted by mostafa on 7 August, 2018
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Amazon reported turnover of nearly £2bn in its accounts for the year to 31 December 2017. This compares with £1.5bn in the previous year. The figures, which are publicly available from Companies House, show pre-tax profits were £72.4m with the multinational paying £1.7m UK corporation tax.
This inspired MP Margaret Hodge to tweet: ‘#Amazon are acting outrageously by not paying their fair share of tax on profits earned in the UK. They use public services but fail to pay …