Amazon fiscal policy changes in Europe
The pressure that the European Commission fiscal tactics of large
tech companies just to force Amazon to start recording sales
country by country. The change in the accounts took place on May 1, but
He had two years preparing to implement the new structure. The company
ecommerce channeled so far all business operations
generated in Europe through Luxembourg, to minimize payment
taxes.
The change in tax policy was passed by The Wall Street Journal,
citing a company spokesman in Seattle. Europe is not the only
concerned about the tax structure of multinationals, especially
the biggest names in the technology sector as Apple, Microsoft and Cisco
Systems. The US Congress is long to negotiate a
change in corporate tax to cap this engineer
tax.
Brussels in October began investigating Amazon agreements with Luxembourg
fearing that they were violating European legislation
public aid. Based on this agreement, the company founded by Jeff Bezos
It could operate virtually free of taxes in Europe. The other country
Freeport is used as Ireland. Apple just give in the last
results that changes in the legislation will have a material impact on its
results.
It is also what is expected will happen with Amazon. Depending on how the
company registered sales and operating costs, it can affect more
or less to finish paying taxes in the UK, France or
Spain. European authorities, however, recently admitted that no
They can move faster in the investigations by the lack of data.
Another company under review course is the coffee chain
Starbucks. All of these multinationals insist they are acting within
legality and that at no time were getting an advantage. Without
But if they are being forced to record revenue they generate
some countries under pressure from the authorities, most recently in Google
France, no longer sends the money generated from these sales to Ireland.
Country
Posted on Monday, May 25, 2015
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