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During Boris Johnson s 3-day trip to the US, the British PM will talk to Jeff Bezos about Amazon s tax history in the UK
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Amazon UK business swelled by 50%+ in 2020, and taxes soared Lol, no, it means those paid by its staff
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Ten Things You Need to Know Today: 8 September 2021
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A robot as my colleague?
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MP-backed push to stop tech giants claiming super-deduction tax relief thwarted
Move to prevent the likes of Amazon using the government s new super-deduction policy to minimise their UK tax liabilities even further fails to win support in the House of Commons
Share this item with your network: By Published: 27 May 2021 15:17
A push by Labour MPs to block multinational tech giants from claiming tax relief through the government’s “super-deduction” policy has failed, despite concerns that the system could be used by tech firms such as Amazon to further minimise the amount of corporation tax they pay in the UK.
MPs were called to vote on a series of proposed amendments to the forthcoming Finance Bill 2019-2021. Among them was a proposal that sought to preclude tech firms in-scope of the government’s digital services tax policy from making capital allowance claims through the super-deduction system.