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HomeEconomyBusinessJohnson believes Amazon evades taxes, to raise issue with Bezos

Johnson believes Amazon evades taxes, to raise issue with Bezos

Amazon has been the target of efforts by countries like the UK that are seeking an overhaul of the international corporate tax system

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United Kingdom Prime Minister Boris Johnson said he would tell Jeff Bezos that Amazon[dot]com Inc must pay its fair share of taxes in the country when the two meet on 20 September.

Johnson will tell the Amazon chairman to address working standards for in the UK. He spoke to reporters on the way to the US, and said he would congratulate Bezos “on his massive forestry initiative,” he said. “He’s putting a huge amount into planting trees around the world.”

Johnson addressed how the UK is seeking to smooth tensions with France and the energy crisis stemming from rising prices.

Amazon has been the target of efforts by countries seeking an overhaul of the international corporate tax system. In June, global policymakers were crafting their international tax plan to make sure the giant was included, even though the US company’s profit margin is below the 10% proposed threshold that would give other countries rights to collect revenue.

In July, countries at a round of talks hosted by the Organisation for Economic Cooperation and had pushed for a more balanced international corporate tax system, setting a minimum corporate tax rate and establishing a new regime for sharing the taxes imposed on the profits of multinational firms.

Amazon said in May it had been planning to hire 10,000 more people in the UK, taking its total headcount in the country to 55,000 by the end of 2021 and making the company one of few big employers adding jobs during the pandemic.

The new jobs, on par with Amazon’s additions in the UK last year, will primarily be in fulfillment and parcel reception centers, but include roles in fashion, digital marketing, engineering, video production, software development, cloud computing and AI, the company said then.

Amazon has come under fire for how it’s treated workers, particularly warehouse and delivery staff who became frontline workers during the pandemic.

Bezos is the world’s second-richest person with a net worth of almost $ 200 billion, according to the Blomberg Billionaires Index.

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