Amazon has shrugged off the threat from the UK’s looming new digital tax, saying its plans for investment in the country will be undeterred and adding that it might offload such a cost on to its sellers. March 11’s Budget is expected to introduce the “digital services tax”, a 2 per cent levy on UK revenues of technology businesses, which pay little or no domestic corporation tax because their European headquarters are located in tax havens such as Ireland and Luxembourg. Doug Gurr, country manager for Amazon in the UK, the company’s third-largest market, said in an interview with the Financial Times that the levy would not affect its plans to create more jobs and open more distribution hubs in the country — but it could raise costs for the small businesses that use its sales and delivery platform. Read More...
Amazon has shrugged off the threat from the UK’s looming new digital tax, saying its plans for investment in the country will be undeterred and adding that it might offload such a cost on to its sellers. March 11’s Budget is expected to introduce the “digital services tax”, a 2 per cent levy on UK revenues of technology businesses, which pay little or no domestic corporation tax because their European headquarters are located in tax havens such as Ireland and Luxembourg. Doug Gurr, country manager for Amazon in the UK, the company’s third-largest market, said in an interview with the Financial Times that the levy would not affect its plans to create more jobs and open more distribution hubs in the country — but it could raise costs for the small businesses that use its sales and delivery platform.
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