@BBCNews omg corp tax is paid on profits not revenue. retail is a low margin business, the headline is clickbait

@BBCNews Amazon pays little, while the Tories hit us with a 10% #BrexitTax hike

@BBCNews Is that 0.03% in tax?

@BBCNews Sweet of you to notice at last #TaxtheRich

@BBCNews Less than 2.5%. What's the corporation tax rate these days? I thought it was 5%

@BBCNews A pittance - govt. needs to overhaul the tax system.

@BBCNews Looking at the numbers, this implies that they made a UK profit of around £2.5bn, and £492m is about 20% of profit which seems to be in line with UK corporation tax. A bit misleading to show sales and not profit.

@BBCNews Companies are taxed on *profit* not revenues Bear in mind that Amazon's main business is cloud computing (plus video streaming). The retail ecommerce thing is largely a sideshow run at breakeven

@BBCNews So... about 2.5% tax? But yes, let's tax the poor and vulnerable even more so we don't upset our big corporation overlords.

@BBCNews Multi-national companies use many ways to avoid tax, from moving money abroad to classing staff as self-employed. It means that Amazon and others don't fairly contribute to the running of the countries they so benefit from. Governments must work together to close loopholes.

@BBCNews Oh well, at least those pensioners who feel forced to work to supplement their paltry £9,340/yr State Pension will be paying a bit more. (Unlike those with fat private/company pensions.)

@BBCNews 2.388% If I have worked that out correctly, it seem a pitifully small amount of corporation tax.

@BBCNews 492 million tax implies 2.6 billion profit, so based on a profit percentage of 12.6 %. As their global EBITDA is around 12.5 this seems to be accurate.

@BBCNews Tax paid on sales now is it 🤔 such a misleading headline, classic BBC

@BBCNews "Corporation tax is on profit not sales". Yes, but the point is Amazon's UK profit is artificially low. Take it from someone who used to design these structures.

@BBCNews How much tax have BBC “employees” evaded through improper use of personal service companies? I’ll wait.