Amazon given €294m in tax credits as European revenues jump to €32bn
by Mark Sweney from Technology | The Guardian on (#52EP0)
Company says it made a loss last year due to investment and the competitive market
Amazon received a294m (258m) in tax credits last year that it can deduct from future bills for its European business, as revenues at the online retailer rose significantly to a32bn.
The company said it received the tax credits because it made a loss last year due to its investment programme and the highly competitive retail environment across Europe and the UK.
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