Amazon EU: in 2020 record sales and zero taxes, EU reaffirms global tax commitment -2-

(Il Sole 24 Ore Radiocor Plus) – Brussels, 04 May – The document published by The Guardian and the related article shows that Amazon EU Sarl has been granted 56 million euros in tax credits that can be used to offset any future taxes in case of profit. The company has accumulated carry-forward losses of 2.7 billion euros, which can be used against any taxes due on future profits.

The Luxembourg unit – which manages sales for the UK, France, Germany, Italy, the Netherlands, Poland, Spain and Sweden – employs 5,262 people. In 2019 there were total sales of 32 billion. The UK newspaper notes that Amazon’s US accounts show UK income rose 51% last year to a record $ 26.5 billion. Last week, Amazon reported its largest quarterly profit of $ 8.1 billion from sales of $ 109 billion.

The Guardian records Amazon’s official reaction: a spokesperson indicated that the group ‘pays all required taxes in every country in which we operate. Corporate tax is based on profits, not revenue, and our profits have remained low given our large investments and the fact that retail is a highly competitive, low-margin business.

We have invested well over 78 billion euros in Europe since 2010 and a large part of that investment is in infrastructure that creates many thousands of new jobs, generates significant local tax revenues and supports small European businesses “.

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(RADIOCOR) 04-05-21 12:44:36 (0316) EURO 5 NNNN

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