This is due to the fact that the company’s Luxembourg unit caused a loss of € 1.2 billion.

Amazon issued a tax return for 2020 saying the e-commerce giant made 44 billion euros in its European operations last year. However, the company did not pay corporate tax due to the fact that the subsidiary company is based in Luxembourg, in addition to the huge revenues

It collected a loss of 1.2 billion euros.

The headquarters in Luxembourg will collect Amazon sales in the United Kingdom, France, Germany, Italy, the Netherlands, Poland, Spain and Sweden and employ a total of more than 5,200 people, Watchman. However, there is no news on how much revenue was generated for each country.

The company previously received a EUR 56 million tax credit from the Luxembourg government and also has a “transferable” loss of € 2.7 billion. A spokesperson for the European subsidiary said that they would pay all taxes, but that corporate tax was accustomed to profits, which they did not have due to the investments made.

Amazon is one of the biggest winners of the coronavirus pandemic: the United States Forbes According to a previous article, the company’s total revenue grew by $ 386 billion worldwide in 2020.