Amazon Europe awarded €241m in tax credits last year

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Amazon was awarded €241m in tax credits last year which can be deducted from bills it receives for its European arm of the business.

Authorities in Brussels made continued efforts to ensure the online goliath pays more tax according to The Guardian.

Amazon Europe, based in Luxembourg received the tax relief after registering a pre-tax loss of €493m (£441m) in 2018 however sales rose 11.6% to €28bn (£25bn).

The online retailer said the loss was due to a €7.4bn (£6.6bn) investment in new fulfilment centres, head offices and services for customers across Europe.

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