U.K. targets tech giants with a digital services tax that starts in 2020 - News Summed Up

U.K. targets tech giants with a digital services tax that starts in 2020


Amazon U.K. Services Ltd., which provides delivery and corporate services to the company’s businesses in the U.K., booked revenue of about $2.5 billion in 2017. However, its U.K. corporate tax fell to about $5.8 million, down from about $9.5 million a year earlier. “We pay all taxes required in the U.K. and every country where we operate," an Amazon spokesman said in a statement at the time.


Source: Los Angeles Times October 29, 2018 17:35 UTC



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