After figures showed that the online giant pays proportionally far less UK tax than its bricks-and-mortar competitors, the trade body has demanded change
Bricks-and-mortar bookshops have launched a broadside against Britain’s “deeply unfair” tax system, which they say forces them to compete against the likes of Amazon “with one hand tied behind their backs”, after it was revealed that the online retailer’s corporation tax more than halved last year.
On Thursday, Amazon’s latest annual accounts for its European online retail business revealed that while turnover at Amazon UK Services – the company’s warehouse and logistics operation – rose to almost £1.5bn in 2016, its corporation tax payments fell from £15.8m to £7.4m year on year.
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