Amazon’s UK corporation tax halves while turnover rises 54%
- Credit: PA
Internet giant Amazon saw a 50% fall in the amount of UK corporation tax it paid last year while it saw a 54% increase in turnover in the same period.
Accounts filed by Amazon UK Services show the company was billed £15.8 million in 2015 compared with £7.4 million in 2016.
In the same period, turnover at Amazon UK Services broke the £1 billion barrier for the first time, climbing from £946 million to £1.46 billion while profit before tax fell from £48.5 million to £24.2 million.
The company’s tax bill has been described by one MP as “peanuts”.
Conservative Charlie Elphicke told The Sun: “People will say it’s high time Amazon paid their fair share.”
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The company has said it meets all tax obligations in the UK and every other country in which it operates.
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