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Amazon Europe Unit Paid No Taxes on $55 Billion Sales in 2021

  • Luxembourg-based unit reported 1.16 billion euros of losses
  • Amazon got 1 billion euros in tax credits: corporate filings Inc. Fulfilment Center Operations On Amazon Prime Da
Photographer: Thorsten Wagner/Bloomberg Inc.’s main European retail business reported 1.16 billion euros ($1.26 billion) of losses in 2021, which allowed the company to pay no income tax and receive 1 billion euros in tax credits, corporate filings seen by Bloomberg show.

The Luxembourg-based business recorded sales of 51.3 billion euros last year, up 17% from 43.8 billion euros in 2020. The unit, called Amazon EU Sarl, includes revenue generated by its e-commerce activities in the U.K, Germany, France, Italy, Spain, Poland, Sweden and the Netherlands.