Global G7 deal may let Amazon off hook on tax, say experts

Global G7 deal may let Amazon off hook on tax, say expertsJune 6, 2021

Exclusive: communique from ministers suggests deal only applies to ‘profit exceeding a 10% margin’, which could rule out Amazon

Experts have raised concerns that Amazon may escape paying significantly more tax in some of its biggest markets unless world leaders close a large loophole in a historic global deal.

Finance ministers in London from the G7 group of wealthy nations, including representatives of the UK, US and EU, on Saturday agreed the landmark deal aimed at making the biggest companies such as Apple, Microsoft, Google and Facebook pay more tax.

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