Politicians and campaigners rounded on the US giant for coughing up ‘peanuts’ to the Taxman despite raking in £1.4 billion
FURIOUS MPs last night urged Brits to BOYCOTT Amazon after its UK delivery business paid just £7.4 million in tax – despite sales of £1.4 BILLION.
Politicians and campaigners rounded on the US giant for coughing up “peanuts” to the Taxman as it rakes in a fortune from shoppers.
MPs have slammed Amazon after it emerged its UK delivery business paid just £7.4 million in tax
The US online giant – which is owned by Jeff Bezos – last year paid less than half the UK tax paid in 2015
Accounts filed by Amazon UK Services reveal it paid £7.4 million of corporation tax in 2016 – less than HALF the amount paid in 2015.
Turnover at the business – which handles the packing and delivery of parcels and customer service – soared above £1 billion for the first time to nearly £1.5 billion.
Profits fell to £24.5 million on higher costs.
No figures for the core Amazon Retail business are available and the US giant last night refused to how much tax this arm paid in 2016.
Labour’s Margaret Hodge – a former cross-party Commons Committee chair – demanded Brits respond by taking their hard-earned money elsewhere.
She stormed: “It remains outrageous that Amazon are so blasé that they can ignore all the anger that their failure to pay fair tax in this country…Read More