Stefan Mileschin

Still a bit iffy on paying tax in the country

The UK government seems to have no problem awarding Amazon lucrative contracts, despite criticism that the outfit’s efforts to avoid paying tax.

Amazon scored £425 million in UK government contracts in the past two years, according to a report, by the Centre for International Corporate Tax Accountability and Research (CICTAR) with assistance from investigative thinktank Taxwatch.

The report found that Amazon’s cloud computing business is increasingly being indirectly supported by taxpayers through hundreds of billions of dollars in government contracts around the world.

In the UK, Amazon benefited from £250 million of government contracts in 2020 – up from zero in 2014 and less than £25 million in the four subsequent years according to CICTAR. That was more than 10 times the level of corporation tax paid by the group’s main British subsidiaries that year.

https://fudzilla.com/news/54895-amaz...ment-contracts