Amazon paid just £7.4 million in corporation tax last year, despite UK revenues hitting £1.4 billion. The ecommerce behemoth’s UK services arm, which includes its warehouse and logistics operations and involves around 16,000 staff members, saw its tax bill more than half from £15.8 million in 2015. A spokesperson for Amazon stated that it paid all the taxes required in the UK as “corporation tax is based on profits, not revenues, and our profits have remained low given retail is a highly competitive, low margin business and our continued heavy investment”.
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Amazon tax bill halved last year to £7.4 million