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Tuesday, November 13, 2012

Amazon-ian tax avoidance- what's the effect of all the 'ethics' teachings in the University?

France claims Amazon owes $252m in tax - The Irish Times - Wed, Nov 14, 2012: "FRANCE HAS made a $252 million tax claim against internet retailer Amazon, signalling a widening crackdown by Paris on multinational companies that channel profits through low-tax countries.

Amazon said the French authorities had made the claim for back taxes, interest and penalties in relation to “the allocation of income between foreign jurisdictions” between 2006 and 2010. It intends to fight the claim.

The move against Amazon comes amid growing scrutiny in France and Britain of multinationals that funnel revenue from their operations in both countries through low-tax regimes. France’s tax office is investigating the relationship between Google’s French subsidiary and its European headquarters in Dublin, while executives from Google, Amazon and the coffee chain Starbucks came under intense pressure from MPs in London on Monday."

'via Blog this'

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