Sep 8, 2021

Amazon pays £492m in UK tax as sales surge to £20.6bn

Online shopping giant Amazon has said it is "Proud" of its contribution to the UK economy, as it reveals its latest financial results. Amazon's total revenues in the UK, rose to £20.63bn during 2020 - up by more than 50% from £13.73 last year. Amazon said employers' national insurance taxes accounted for the majority of the bill as it took on 22,000 more staff over the course of the last year. In April last year, the UK government launched a 2% tax on digital sales amid concerns that big tech firms were re-routing their profits through low tax jurisdictions. Chancellor Rishi Sunak said in June last year that the coronavirus crisis had made tech giants even "More powerful and more profitable".

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