Amazon amending tax practices and starts paying taxes in four European countries
The US giant Amazon changed its tax practices in Europe due to Brussels ongoing investigations. Now, instead of paying taxes only in Luxembourg also paid in Spain, Italy, UK, Germany and soon in France.
Since 1 May that Amazon, online commerce giant, paid sales tax in its biggest markets in Europe: Spain, UK, Italy and Germany. So far, the US company paid only in Luxembourg, where he had some tax benefits.
France will soon join the group of countries that will receive the Amazon tax payments, according to AFP .
According to the Wall Street Journal, these changes are due to Brussels ongoing investigations related to tax practices.
“We regularly review our business structure to ensure that we are able to better serve our clients and provide additional products and services, “said a company spokesman.
not found tax payment has been at the center of Europe’s concerns. Now, after the Amazon change, attention will move to other giants that have been accused of seizing tax benefits, such as Facebook, Apple, Google and Starbucks.
To combat tax evasion the United Kingdom, for example, chose to implement an internal measure, called “Google tax”, requiring multinationals to declare your earnings in that market and to pay their taxes.
No comments:
Post a Comment