Amazon.com Inc (O:AMZN) on Friday defeated an appeal by the U.S. Internal Revenue Service in what the online retailer has called a $1.5 billion (£1.2 billion) dispute over its tax treatment of transactions with a Luxembourg subsidiary. In a 3-0 decision, the 9th U.S. Circuit Court of Appeals in Seattle upheld a 2017 ruling by the U.S. Tax Court related to intangible assets that Amazon.com...
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Amazon will force Aussie customers to use its Australian website instead of its much larger US site in order to get round a new sales tax, the online retail titan confirmed today. The company will enforce what’s known as “geoblocking” from July 1, when a 10 per cent Goods and Services Tax (GST) is applied to imported online goods worth less than A$1,000. “While we...
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U.S. President Donald Trump accused Amazon.com Inc on Thursday of not paying enough tax, taking advantage of the U.S. postal system and putting small retailers out of business, but he offered no evidence to back up his criticisms and did not suggest any actions he would take. Trump has attacked Amazon and its Chief Executive Jeff Bezos several times, and his latest comment came a...
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