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Amazon UK entities' pre-tax profits up from £455m to £555m. It pays corporation tax at an effective rate of 7.1%, headline rate is 25%. Profits shifted through intragroup transactions. UK retailers can't compete with hard-wired systematic tax avoidance.
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Tech company received infrastructure relief as its five biggest UK divisions generate £32bn in revenues
www.theguardian.com
Amazon’s main UK arm handed £7.6m tax credit as profits soar to £355m
Prem Sikka