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Amazon reportedly paid no income tax on $55 billion in European sales in 2021 - PR Business News Wire

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Amazon reportedly paid no income tax on $55 billion in European sales in 2021

The Amazon EU Sarl unit is based in Luxembourg and reports revenue from its divisions in the UK, Germany, France, Italy, Spain, Poland, Sweden and the Netherlands. Its sales increased by 17 percent in 2021.

“Across Europe, we pay corporate tax amounting to hundreds of millions of euros,” an Amazon spokesperson told Bloomberg. They said revenue, profit and tax are reported to local authorities in each country. The company said it posted a loss after opening more than 50 new sites across the continent last year.

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News Wire

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