The company says corporation tax is based on profits, not revenues, and last year it made a loss. Despite revenues topping €51.3 billion in 2021, Amazon's European retail segment reported €1.16 billion loss, allowing the company to avoid paying income tax in Europe.
The Luxembourg-based unit also received €1 billion in tax credits, corporate filings seen by Bloomberg showed.
Amazon EU Sarl generated sales of €43.8 billion in 2020, which comprised income from e-commerce activities in the United Kingdom, Italy, France, Germany, Spain, Sweden, Poland and the Netherlands.
An Amazon representative told Bloomberg that the company was not legally required to pay taxes because it made a loss after investing heavily in European infrastructure and jobs.
After spending stacks of dough with Amazon over many years, nowadays I'm actively avoiding spending any money with them. How about trying to be a good corporate citizen, Amazon?...
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