|
|
Online retailer shares details of country-specific sales for the first time
Amazon made over £2.9 billion net in the UK last year, confidential documents shared with Parliament have revealed.
The online retailer is currently being quizzed by the Public Accounts Committee on the issue of tax avoidance.
Read more: Kindle Fire HD Review | Technology news
Amazon revealed that in 2009 it made £1.86 billion through its www.amazon.co.uk website, with this figure rising to £2.36 billion in 2010. In 2011 this figure had risen further to £2.91 billion.
Amazon has never publicly disclosed details of how much money it makes on a country by country basis, but made the information available to the Public Accounts Committee on a "confidential basis".
Amazon, Starbucks and Google have been widely criticised for the low rates of tax they pay on UK revenue. Amazon's European operation is run out of Luxembourg, with its 15,000 UK employees managing deliveries and warehouses. Amazon's 500 employees in Luxembourg manage its entire European business.
A report in the Guardian earlier this year claimed that Amazon UK saw sales of over £3.3 billion in the UK in 2011, but paid no corporation tax on any of the profits from its income.
Article tags
Related articles
Goods such as DVDs sent from Guernsey and Jersey will no longer be exempt from VAT from 1 April 2012
How does the Kindle Fire HD hold up against Apple's latest incarnation of the iPad – the new Mini model? We find out
Creating multiple wishlists on Amazon – both public and private ones – means you can create secret lists of gift ideas for other people without them finding out
Content Recommendation
Q.Why is Windows Backup skipping files?
Q.Why do my scanned documents display gibberish?
Q.How can I convert MTS files to edit in Windows Movie...
Updating your subscription status 
Save money by switching to fast 3G broadband
