Amazon Europe paid no taxes on $55 billion in sales last year

Amazon’s European retail business reported a loss of 1.16 billion euros in 2021, leaving the company free of income tax and a 1 billion euro tax credit, corporate documents seen by Bloomberg show . Luxembourg-based Amazon Europe posted sales of 51.3 billion euros last year, up 17 percent from 43.8 billion euros in 2020. The unit, called Amazon EU Sarl, includes revenue from e-commerce operations in the UK, Germany, France, Italy, Spain, Poland, Sweden and the Netherlands. Amazon’s tax arrangements have been the target of European regulators. The Seattle-based e-commerce giant has won an appeal against a 250 million euro ($280 million) tax bill after regulators said its agreement with Luxembourg, dating back to 2003, amounted to illegal state aid. The European Commission appealed to the European Court of Justice last year. An Amazon spokeswoman said all of the company’s European locations are subject to taxes, and that income, profits and taxes are recorded and reported directly to local tax authorities in those countries.

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