Amazon EU paid no income tax on €51 billion of sales in 2021, report (devz123@gmail.com(Dev Kundaliya)/Computing.co.uk Latest updates)

devz123@gmail.com(Dev Kundaliya) / Computing.co.uk Latest updates
Amazon EU paid no income tax on €51 billion of sales in 2021, report – The company says corporation tax is based on profits, not revenues, and last year it made a loss Despite revenues topping 51.3 billion in 2021, Amazons European retail segment reported 1.16 billion loss, allowing the company to avoid paying income tax in Europe. The Luxembourg-based unit also received 1 billion …

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