Amazon Europe unit dodges income tax on $55 billion sales in 2021

Amazon.com Inc.’s main European retail business reported 1.2 billion euros ($1.3 billion) of losses in 2021, which allowed the company to pay no income tax and receive 1 billion euros in tax credits, corporate filings seen by Bloomberg show. The Luxembourg-based business recorded sales of 51.3 billion euros last year, up 17% from 43.8 billion […] The post Amazon Europe unit dodges income tax on $55 billion sales in 2021 appeared first on Digital Commerce 360.