Under Pressure In Europe, Amazon Changes Tax Strategy
Amazon is no longer routing its European sales through the low-tax country of Luxembourg, in an effort to cut costs. Instead the American company will pay taxes in individual European countries.
The move comes amid numerous EU investigations into how companies, including Amazon, pay their taxes on the continent.
As Al Jazeera’s Ali Velshi tells Here & Now’s Lisa Mullins, it could significantly increase Amazon’s tax bill.
Copyright 2020 NPR. To see more, visit https://www.npr.org.