Amazon pays £15 million tax on £19 billion of European sales

Figures released by Amazon show the corporation has paid £15 million in taxes, from overall European sales of £19 billion.

The company’s headquarters are based in Luxembourg, prompting Lib Dem leader Vince Cable to accuse them of ‘taking the Government for a ride’.

A spokesman for Amazon said that the company ‘pays all the taxes that are required by every country where we operate’.

‘We operate a pan-European business from our headquarters in Luxembourg where we have over 1,500 employees and growing, including our senior leadership team’.

‘We’ve invested over €20bn in Europe since 2010, and expect to hire 15,000 new employees this year, bringing our total permanent European workforce to over 65,000 people’.

100 word news by The Hooting Times.

Full story here: http://dailym.ai/2w0913X

 

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