Amazon's billion-dollar tax shield

Thursday 23rd May

Amazon's billion-dollar tax shield

Posted at 1:02PM Monday 10 Dec 2012

In 2005, Amazon rented a historic five-storey building in Luxembourg's Grund quarter, right at the bottom of a steep rock-walled valley below the old town.

By setting up in Luxembourg, and channelling sales through its units there, the world's biggest online retailer could minimize corporate taxes.

It was a move with big financial consequences.

Reuters

Brave New World: Google Avoids $2 Billion in Tax?

Comments [0]

Email Story

Report Bad Link

Share |

Get book trade news by email

Daily book trade headlines and breaking publishing news by email - just £3 a month. Click on the Subscribe button below to sign up now

Find out more

More Book Trade News

Another Plagiarism Scandal Hits Poetry Community
www.guardian.co.uk

David R Morgan admits to passing numerous works by other people as his own and says he is 'truly sorry'

The Beatles' Lyrics Manuscripts And Other Fab Four Rarities Donated To British Library Under New Scheme
www.independent.co.uk

The manuscripts and other Beatles rarities were donated to the Library by Hunter Davies, The Beatles' biographer, under the new Cultural Gifts Scheme

Amazon Publishing Introduces Kindle Worlds: A New Model For Fan Fiction
publishingperspectives.com

Will enable any writer to create fan fiction based on a range of original stories

Penguin Settles State E-book Pricing Suits For $75m
news.cnet.com

Will Avoid Trial

UK Retail Sales Slump
www.guardian.co.uk

Shoppers balk at higher prices and cold weather

Man Booker International Prize Goes To Lydia Davis
www.bbc.co.uk

American writer Lydia Davis has been awarded the Man Booker International prize for her "achievement in fiction on the world stage"

[More Book Trade News]