by Mark Sweney and Sarah Butler on (#4PZ02)
The retailer reported a pre-tax loss of €493m despite sales rising by 11.6% to €28bnAmazon received €241m in tax credits last year that it can deduct from future bills for its European business, despite efforts by authorities in Brussels to ensure the company pays more tax.Amazon Europe, which is based in Luxembourg and aggregates the billions of pounds of sales the retailer makes from individual countries across the continent, received the credits after reporting a pre-tax loss of €493m in 2018. Sales rose 11.6% to €28bn. Continue reading...