The Traderszone Network

Published in TZ Latest News 24 May, 2015 by The TZ Newswire Staff

Amazon changes tax practices in Europe as investigations continue: WSJ

Amazon.com Inc has started booking revenue from retail sales in individual European countries, instead of channeling all sales through low-tax Luxembourg, the Wall Street Journal reported Sunday. The change was made effective May 1, a company spokesman told the Journal. Amazon said it had started preparing to diversify its retail sales structure two years ago, the Journal reported.