Arcane unit in Luxemburg that allows US multinational to pay much lower taxes is at the centre of demands for firm to pay moreIf you had to sum up Amazon’s core business in a single sentence,how would you achieve it? Is it a website where you can order nearly anything? Or is it a rapid/fast and convenient delivery network allowing you to receive the goods you need promptly?Clearly, it is both. But precisely how the group’s economic value is split between the two is now a vexed question at the heart of tax disputes on both sides of the Atlantic. Related: Revealed: how Project Goldcrest helped Amazon avoid huge sums in tax Continue reading...
Source: theguardian.com