Saturday 22 October 2016

Amazon splits European sales


Amazon has started booking revenue from retail sales in individual European countries, instead of channelling all sales through low-tax Luxembourg.

The change was made from May 1, a company spokesman told the Wall Street Journal. Amazon said it had started preparing to diversify its retail sales structure two years ago, according to reports.

The change at the e-commerce company has come amid greater scrutiny of corporate tax avoidance on both sides of the Atlantic in recent years.

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