Amazon has declared its lowest UK corporation tax bill in five years as the web giant was accused of killing the high street.
The online retailer paid £4.6million last year – or just over 6% on profits of £72million – despite the firm’s UK sales soaring by a quarter to £8.8billion in 2017.
Meanwhile, British retailers with similar UK sales paid up to 20 times as much tax.
One campaigner said: “We need to rebalance the system.”
Amazon rang up record UK sales last year as its declared profits here soared three-fold – yet slashed its corporation tax bill by over a third.
A Mirror investigation has found the online giant pays just a fraction of the corporation tax of its High Street rivals, levied at 19% on company profits
- Sales for Amazon soared to £2bn but giant paid just £4.5m in corporation tax
- UK Shop owners face rocketing business rates yet Amazon is not being punished
- Last year online firm paid £7.4 million in corporation tax when sales were lower
- Amazon has patented a ‘wearable computing device’ that displays directions
- It says the AR goggles would help employees navigate its massive warehouses
- But there are fears it could be used for far more nefarious purposes, such as tracking employees movements and activity as they’re on the job
- The firm already collects massive amounts of data on its warehouse employees
- It has come under fire for the working conditions at its fulfillment centers with employees complaining they can’t even have a break to use the restroom
Amazon has patented a pair of augmented reality goggles that could be used to keep a close eye on its employees.
A newly filed patent describes a ‘wearable computing device’ that would overlay turn-by-turn directions on the goggles’ screen, showing employees where to place certain objects in one of Amazon’s fulfillment centers.
However, the goggles laid out in the patent have raised the ire of privacy advocates who believe they could be used for far more nefarious purposes, such as tracking employees’ every move.
Amazon has previously come under fire for the working conditions at its fulfillment warehouses, with employees complaining that they’re sometimes unable to get a break during the day, even to go to the restroom.
SEATTLE (Reuters) – Amazon.com founder Jeff Bezos is racing to pull his private space company out of start-up mode and move into production amid signals that his firm’s heavy rocket set for lift-off in 2020 may slip behind schedule, according to people familiar with the project.
Blue Origin has added hundreds of engineers over the past three years and continues to ramp up in an expansion that one employee described as “hyperbolic.” The Kent, Washington-based company is looking to double its current workforce to around 3,000 employees over the next two to three years, a top customer told Reuters.
The urgency centers on a rocket dubbed New Glenn. The heavy-launch vehicle, which Bezos promises will be able to haul satellites and, eventually, people into orbit, is central to the company’s hopes of winning lucrative military and commercial contracts.