Amazon will pay taxes in Spain, UK, Germany and Italy – The Economist

Amazon began to declare their income in Spain, the UK, Germany and Italy, and will do so in France, which means that these countries pay in taxes.

The North American distribution group Amazon began to declare their income in Spain, the UK, Germany and Italy, and will do so in France, according to an AFP broadcast statement Tuesday, which means that He paid in these countries taxes.

From May 1, the group recorded sales in the four European countries from their national branches, and not from Luxembourg, a legal tax ruse but criticized, which allowed him to pay less tax.

The group said it is working on opening a subsidiary in France, and said that creating such subsidiaries in Europe began “over two years” .

“regularly examine our structures to ensure that we can serve our customers best and propose additional products and services,” the group said in a statement.

Amazon is one of large companies that the European Commission is monitoring very closely for their tax practices.

In recent years, these companies avoided paying taxes due on the profits made in one country thanks to sophisticated tax assemblies, which make spend their activities by another country.

In this regard, the EU investigated the tax assemblies in Ireland groups like Apple, Starbucks and Amazon in Holland and Fiat in Luxembourg.

These practices “tax optimization”, applied for years, have become very unpopular as the European states have been confronted with an increasingly precarious fiscal situation, because of the crisis of sovereign debt.

ERP