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May 24, 2015 04:00 am
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/k76lacK8Nf4/amazon-decides-to-start-paying-tax-in-the-uk
Amazon Decides To Start Paying Tax In the UK
Mark Wilson sends word that Amazon will begin paying corporate taxes on profits made in the UK. The company had previously been recording most of its UK sales as being in Luxembourg, which let them avoid the higher taxes in the UK. But at the end of last year, UK regulators decided they were losing too much tax revenue because of this practice, so they began implementing legislation that would impose a 25% tax on corporations routing their profits elsewhere. Amazon is the first large corporation to make the change, and it's expected to put pressure on Google, Microsoft, Apple, and others to do the same.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/k76lacK8Nf4/amazon-decides-to-start-paying-tax-in-the-uk
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