Amazon, valued at $1.5 trillion, is increasing its fees by 2 per centAmazon has been accused of “opting out” of fair taxes after passing on a levy on tech giants to small businesses. The digital services tax was introduced in April to tackle online companies that pay little UK tax and level the playing field with high street shops. Multinational tech companies pay a 2 per cent levy on revenues made online from UK users. Amazon, valued at $1.5 trillion, has told UK businesses using its services to sell products that it will increase its fees by 2 per cent. Lord Leigh of Hurley, a Conservative peer and party treasurer, said: “Amazon are further engendering the risk that they exhibit

Source: The Times August 05, 2020 23:05 UTC