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Amazon Reports £1.7m UK Tax Bill Due To Share Deductions

Published on Aug 5 2018 12:30 PM in Technology tagged: Amazon / Jeff Bezos / Amazon.com / Paywall / Tax Bill

Amazon Reports £1.7m UK Tax Bill Due To Share Deductions

The main UK subsidiary of Amazon.com Inc had a tax bill of £1.7 million on profits of £72.4 million in 2017 thanks to deductions related to share-based awards to staff, accounts published this week showed.

The tax affairs of Amazon, which earlier this week reported its largest ever profit of $2.5 billion in the second quarter, and other tech groups have been the subject of parliamentary scrutiny across Europe in recent years.

Via Luxembourg

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