The US tech giant took significant amounts of warehouse space last year amid the ecommerce boom
3 March 2021 • 8:00pm
Amazon looks set to emerge as a key beneficiary of Britain s new tax super-deduction thanks to a major ramping up of its UK warehouse footprint, even as the Government wrangles with how to get Big Tech to pay more tax.
The latest tax measure, announced on Wednesday, will allow companies investing in new plant and machinery assets to deduct 130pc of that investment from their taxable income for the next two years.
This means they would be able to cut their tax bill by up to 25p for every £1 that they invest. It is expected to include investments that companies make on fitting out warehouses.