Boris Johnson to tell Bezos that Amazon must pay a fair share of taxes
British Prime Minister Boris Johnson has said he will tell Jeff Bezos that Amazon.com Inc. has to pay its fair share of taxes in the country when the two meet on Monday.
He will also ask the president of Amazon to address labor standards for employees in the UK. “He invests heavily in planting trees around the world.
Johnson also explained how the UK is seeking to ease tensions with France and the energy crisis resulting from rising gas prices.
Amazon has been the target of efforts by countries seeking to reform the international corporate tax system. In June, global policymakers were crafting their international tax plan to ensure the e-commerce giant was included, even if the U.S. company’s profit margin was below the proposed 10% threshold that would give other countries the right to collect income.
In July, in a round of talks hosted by the Organization for Economic Co-operation and Development, countries argued for a more balanced international corporate tax system, setting a minimum corporate tax rate. and establishing a new regime for sharing taxes levied on the profits of multinational enterprises. .
Amazon said in May that it plans to hire 10,000 more people in the UK, bringing its total workforce in the country to 55,000 by the end of 2021 and making the company one of the few big employers to create jobs during the pandemic.
The new jobs, on par with Amazon’s UK additions last year, will be primarily in fulfillment and parcel delivery centers, but will also include roles in fashion, digital marketing, engineering, video production, software development, cloud computing and AI, the company said then.
Amazon has been criticized for the way it treats workers, especially warehouse and delivery staff who have become frontline workers during the pandemic.
Bezos is the second richest person in the world with a net worth of nearly $ 200 billion, according to the Blomberg Billionaires Index.
This article was provided by Bloomberg News.
To read more stories, click here