Report claims public money from countries around the world is funding growth of tech company

Amazon has reaped a total of £425m in UK government contracts in the past two years, it has emerged in a report, prompting fresh criticism that the tech giant is failing to pay a fair share of tax in the country.

The report, by the Centre for International Corporate Tax Accountability and Research (CICTAR) with assistance from investigative thinktank Taxwatch, finds Amazon’s highly profitable cloud computing business is increasingly being indirectly supported by taxpayers through hundreds of billions of dollars in government contracts around the world.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Get 2 months FREE CyberGhost and save 82% in superb VPN deal

ANYONE in the market for a cheap VPN service will want to…

Iran’s silence over possible reprisals against Israel poses domestic risks

Analysts suggest regime may be downplaying situation for fear conflict could spiral…

Snake Island does job of Moskva as Russia maintains grip on Black Sea

Russia determined to hang on to its ‘unsinkable destroyer’ as Ukraine tries…

Let’s twist again: British teenagers compete in Rubik’s Cube world cup

The 40-year-old puzzle is now a social media hit and has inspired…