Amazon shifts up to £8.2bn of UK revenues to low-tax Luxembourg, report finds
The Independent; UNITE
10th August 2021
Trinava worked with Unite to look into the tax practices of Amazon. Aside from the lost tax revenues, the larger issue is that the current tax system subsidises the monopolisation and growing dominance of multinational companies at the expense of local competitors.
“Governments are subsidising the growth of a monopoly by allowing ecommerce giant to legally report billions of pounds of sales in a tax haven, argues report commissioned by Unite union.“