Amazon halved corporation tax bill despite UK profits tripling
by Mark Sweney from Technology | The Guardian on (#3W28N)
Revelation comes after US company posts record $2.5bn profit in most recent quarter
Amazon has revealed that its UK corporation tax bill almost halved to 4.5m last year, days after the US company posted a record profit of $2.5bn (1.9bn) in its most recent quarter.
The company, which has been locked in a race with Apple and Alphabet to be the world's first trillion-dollar business, revealed that pre-tax profits at its UK business tripled from 24m in 2016 to 72m last year.
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