Amazon stops routing some European profits through low-tax Luxembourg

Amazon has confirmed that as of May 1 it began booking profits from sales in the UK, Italy, Spain, and Germany in the country where the sale actually took place rather than in low-tax Luxembourg.  See, New York Times, Wall Street Journal, Financial Times, The Independent, International Business Times, The Guardian, Tim Scott – Tax is an Accrual Business, Out-Law.com

 

 

 

Be the first to comment

Leave a Reply

Your email address will not be published.