Amazon to stop funnelling European sales via tax haven
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New York
IN the continuing battle between European and American tech companies, score one for Europe.
In a move that could put pressure on its rivals to follow suit, Amazon will start paying taxes in a number of European countries where it has large operations, instead of funnelling nearly all its sales through Luxembourg, a low-tax haven that is the home base in the region for Amazon and many other large tech companies.
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