Good news! For Amazon... as Bezos meets the incredible shrinking UK taxman

www.theregister.co.uk | 8/3/2018 | Staff
InLove4567 (Posted by) Level 3
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Box-slinging cloud botherer Amazon unveiled some impressive results for its UK tentacle last year, and some even more impressive tax efficiencies.

In filings available from the UK's Companies House, the box shifter reported an impressive turnover a gnat's whisker shy of £2bn* in 2017, up from £1.5bn a year before. Wafer-thin margins, which cause headaches for its high street competitors, meant that pre-tax profits stood at £72.4m, up from the previous year's £24.3m.

Figures - Ire - MP - Margaret - Hodge

2017's figures drew ire from MP Margaret Hodge, and the politician has not held back this time around, taking to Twitter to criticise the tax practices of the US-based retail giant.

Sadly, her wishes are likely to go unanswered. The government appears more interested in pursuing contractors falling foul of IR35 than dealing with a corporate taxation system that has allowed Amazon to reach new lows of tax payment. The filing also notes that Amazon had 19,749 UK...
(Excerpt) Read more at: www.theregister.co.uk
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