From the Irish Independent:
Amazon’s main European retail business reported €1.2bn of losses in 2021, which allowed the company to pay no income tax and receive €1bn in tax credits, corporate filings seen by Bloomberg show.
The Luxembourg-based business recorded sales of €51.3bn last year, up 17pc from €43.8bn in 2020. The unit, called Amazon EU Sarl, includes revenue generated by its e-commerce activities in the UK Germany, France, Italy, Spain, Poland, Sweden and the Netherlands.
Amazon has been a target of European regulators over its tax arrangements. The Seattle-based company, whose CEO is Jeff Bezos, won an appeal on a €250m tax bill imposed after regulators said agreements with Luxembourg dating back to 2003 amounted to illegal state aid. Last year, the European Commission appealed in the European Court of Justice.
An Amazon spokesperson said the company is subject to taxes in all its European branches, and that revenues, profits and taxes are recorded and reported directly to local tax authorities in those countries....
....MUCH MORE
