Amazon paid just £15m in tax on European revenues of £19.5bn
by Mark Sweney from on (#2YWGN)
Online retailer's UK warehouse and logistics operation more than halved its corporation tax bill from 15.8m to 7.4m
Amazon paid just a16.5m (15m) in tax on European revenues of a21.6bn (19.5bn) reported through Luxembourg in 2016.
The figures, published in Amazon's latest annual accounts for its European online retail business, are likely to reignite the debate about US tech companies using complex crossborder arrangements to minimise the tax they pay across the continent.
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