Call for Amazon to be hit with windfall tax as sales soar
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The online giant said revenues in the UK rocketed by almost £7billion to more than £20billion last year.
Yet Amazon paid just £199million extra in UK tax – most in employer national insurance after taking on more staff to grow its business.
Amazon stubbornly refused to disclose a host of other details about its financial affairs, including what profit it made or how much it paid in total corporation tax.
Campaign group the Tax Justice Network has now accused it of using “smoke and mirrors”.
Chief executive Alex Cobham said Amazon had clearly done “extraordinarily well” during the pandemic and should be subject to an “excess profit tax”. He added: “I think they and others should pay close to 100 percent of the excess profits they have made during this period.” But determining how much that should be was impossible based on the information Amazon chose to release, it was said.
Amazon said the amount it paid in “direct” taxes rose from £293million to £492million last year.
Along with employer national insurance, the figure included corporation tax, business rates and the digital services tax.
Amazon said: “We are proud of the significant economic contribution we are making to the UK economy. Looking ahead, we know that the UK remains full of opportunity and we continue to be excited by the potential to continue to invest, create jobs and have a positive impact.”
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