0
Broadband

Amazon to pay UK taxes on profit made from UK sales

Monday 25 May 2015 | 10:48 CET | News
Amazon has started booking retail sales made to customers in the UK through a UK branch of Luxembourg-registered Amazon EU, rather than recording them in Luxembourg, the Guardian reports. The move will allow Amazon to avoid being hit by a new diverted profits tax, which came into effect in April and imposes a 25 percent tax on businesses found to be artificially routing profits to operations in countries with lower corporate taxes. Amazon's move will put pressure on other companies to do the same, especially Google, which routes its sales through Ireland. The online retailer confirmed its new

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: Amazon / Google
Countries: United Kingdom
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

EC orders Amazon to pay EUR 250 mln in back taxes

Published 04 Oct 2017 12:54 CET | Europe
The European Commission has ordered Amazon to pay back EUR 250 million in unpaid takes after ruling that it benefited from ...

EU to order Amazon to pay 'hundreds of millions of euros' in back taxes - report

Published 04 Oct 2017 10:22 CET | Europe
The European Union's antitrust regulator is preparing to order Luxembourg to recover several hundreds of millions of euros in ...

Amazon wins US tax dispute over Luxembourg unit

Published 24 Mar 2017 08:47 CET | Luxembourg
Amazon has won a more than USD 1.5 billion tax dispute with the US tax service over transactions involving a Luxembourg unit more ...

Amazon may face EUR 400 mln tax bill in Luxembourg - report

Published 20 May 2016 10:09 CET | Europe
EU state aid regulators aim to rule on Amazon's tax deal with Luxembourg by July, two people familiar with the matter told ...

Google to account for Australia revenues locally

Published 02 May 2016 09:11 CET | Australia
Google Australia has started accounting for local advertising revenue in Australia, rather than in Singapore. The change started ...

France expects Google to pay back much more than in UK - FM

Published 02 Feb 2016 22:46 CET | Europe
France has decided to not try to reach a settlement with Google over back taxes, reports the Financial Times. Finance minister ...

Alphabet to pay GBP 130 mln to end tax case with UK govt

Published 25 Jan 2016 09:03 CET | United Kingdom
Google parent Alphabet will pay GBP 130 million to end a tax settlement case with the UK authorities, Bloomberg reported, saying ...

Authors, agents, booksellers ask DoJ for probe into Amazon

Published 14 Jul 2015 11:59 CET | World
Groups representing thousands of authors, agents and independent booksellers want the US Department of Justice (DoJ) to examine ...

Amazon UK offers Prime membership for GBP 59

Published 06 Jul 2015 10:50 CET | United Kingdom
Amazon UK is offering Amazon Prime membership for GBP 59 for the first year for customers signing up by midnight on 08 July. The ...

Amazon UK completes move to London

Published 15 Jun 2015 13:15 CET | United Kingdom
Amazon UK has completed its move to London with more than 2,000 employees, the majority of whom were previously based in Slough, ...

Amazon begins paying sales tax in Spain

Published 26 May 2015 11:31 CET | Spain
Amazon announced that on 01 May it begun declaring retail sales revenue in Spain and paying the corresponding tax, rather than ...

Amazon starts declaring sales in Italy

Published 26 May 2015 10:00 CET | Italy
Amazon announced that it has started declaring retail sales made to customers in Italy through an Italian branch of ...

UK chancellor announces planned "Google Tax"

Published 04 Dec 2014 11:27 CET | United Kingdom
UK chancellor George Osborne declared in his Autumn Statement that he was "introducing a 25 percent tax on profits generated by ...

Amazon faces fresh questions about UK tax payments

Published 16 May 2013 10:34 CET | United Kingdom
Amazon is set to be grilled by MPs again about its UK tax payments, reports The Guardian. An investigation by the newspaper found ...





Calendar   /   Industry Events

23 Feb RSA Conference
25 Feb Infinera Q4 2019
25 Feb Iridium Q4 2019
25 Feb Millicom Q4 2019
25 Feb American Tower Q4 2019
25 Feb Utility Telecoms 2020
26 Feb Crown Castle Q4 2019
26 Feb Syn Q4 2019
26 Feb Avast FY results
26 Feb Orbcomm Q4 2019
26 Feb Box Q4 2019
26 Feb Sina Q4 2019
26 Feb Weibo Q4 2019
26 Feb Shentel Q4 2019
27 Feb Zoom Telephonics Q4 2019
27 Feb Telesat Q4
27 Feb Dell Technologies fiscal Q4
27 Feb VMware fiscal Q4
27 Feb Cogent Communications Q4 2019
27 Feb Cable One Q4 2019
27 Feb Neophotonics Q4 2019
27 Feb Baidu Q4 2019
27 Feb Netia Q4 2019
27 Feb Sunrise Q4 2019
27 Feb Interxion EGM
28 Feb Masmovil Q4 2019
28 Feb Tecnotree FY 2019
28 Feb Freenet Q4 2019
02 Mar Boingo Wireless Q4 2019
02 Mar GTT Q4 2019
::: More Calendar Items