Amazon UK unit pays $8 million corporation tax as sales hit $17.5 billion
LONDON (Reuters) - Amazon.com Inc’s main UK subsidiary, Amazon UK Services Ltd., paid just 6.3 million pounds ($8 million) in corporation tax in 2019 despite the group reporting over $17.5 billion in sales in Britain, accounts published on Wednesday show.
Amazon said the low figure reflected the underlying condition of its UK business.
“Corporation tax is based on profits, not revenues, and our profits have remained low given retail is a highly-competitive, low margin business and we continue to invest heavily,” the company said in a statement.