Best VPN Service (English Banners)

GeekBuying.com

Amazon UK pays 3% more in tax despite 35% rise in profits

Alibaba Cloud
Autonomous Standing Desk

System Mechanic® Ultimate Defense™
Save up to 50% on ANSI Standards Packages

September 08, 2020 at 11:00PM

IK Multimedia's T-RackS 5

Online retail giant says potentially higher corporation tax bill was offset by infrastructure investments

Amazon’s key UK business paid just 3% more tax last year when profits rose by more than a third as the online retailer benefited from the switch to home shopping.

The group’s warehouse and logistics operation, which employs more than two-thirds of its 30,000-plus UK workforce, Amazon UK Services, said its corporation tax contribution was £14.46m in 2019, up from £14.03m the year before. Pretax profits at the division soared 35% to nearly £102m as revenues rose by 29% to nearly £3bn, according to accounts about to be published by Companies House.

Autonomous Standing Desk

Continue reading…
Amazon UK pays 3% more in tax despite 35% rise in profits …

Selected by softengoxford

press softeng Search Web: Amazon UK pays 3% more in tax despite 35% rise in profits

Leave a Reply

Your email address will not be published. Required fields are marked *