A UNION leader yesterday accused online giant Amazon of paying a pittance in tax at a time when the government is grappling with a huge black hole in the public finances.
Amazon yesterday revealed that it generated revenues of more than £27billion from around 20 of its UK businesses last year - £856 every second.
That was £3bn more than in 2022. The figure includes everything from online shopping to Amazon Web Services, its cloud computing arm, which has a string of taxpayer-funded contracts.
But the bumper haul led to renewed allegations that Amazon is less than transparent about its tax affairs.
The US firm cherry-picked details in a blog published on its website yesterday.
Amazon said it paid £932m in direct taxes, including corporation tax, business rates and employer national insurance but did not break that down any further. While the tax paid is £151m more than in 2022, it still represents just 3.45% of its UK turnover.
This story is from the September 27, 2024 edition of Daily Mirror UK.
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This story is from the September 27, 2024 edition of Daily Mirror UK.
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