Thursday, May 16, 2013

Amazon paid less in corporation tax than it got in government grants despite making £4 BILLION through sales

Amazon is under fire yet again for its UK tax arrangements after ‘galling’ figures showed how little it paid last year.

In fact, the internet retailer received more in government grants than it paid into the Treasury coffers.

MPs and booksellers joined in the criticism after Amazon’s accounts, filed yesterday, showed it raked in more than £4billion in UK sales – but paid just £2.4million in corporation tax.