Amazon should pay more taxes

Monday 20 September 2021 08:06

LONDON (AP/BLOOMBERG) – British Prime Minister Boris Johnson believes online store Amazon should pay more tax in the UK. It should be fairer and Johnson will also tell Jeff Bezos later on Monday, he told reporters before boarding the plane to the United States. Bezos is the former CEO and current president of Amazon.

All G20 members backed a plan in July to introduce a minimum global tax rate to prevent companies from shifting profits. This should culminate in a broad reform of the international corporate tax system. This means, for example, that the largest corporations have to pay taxes in the country in which they do business.

If this minimum is really set, European countries will have more rights to tax US tech companies like Facebook and Amazon, for example. It has been suggested that the minimum rate for large companies should be at least 15 percent. The current average for this type of tax is about 6 to 7 percent.

Johnson also said he would urge Bezos to improve working conditions for workers in the UK.

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Megan Vasquez

"Creator. Coffee buff. Internet lover. Organizer. Pop culture geek. Tv fan. Proud foodaholic."

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