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AMAZON workers’ union GMB has condemned as shameful and wrong that the net giant’s British tax bill dropped by £2.8 million last year despite pre-tax profits nearly trebling.
The online retail giant’s bill totalled £4.6 million last year — down from £7.4m the previous year — and it only paid £1.7m after deferring £2.9m of that total, according to Amazon UK Services Ltd accounts.
Its tax bill was just 6 per cent of profits, since figures filed at Companies House show the firm’s pre-tax profits jumped from £24.3m to £72.4m in 2016.
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