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Amazon's tax arrangements are in the spotlight this morning after national newspapers followed up The Bookseller's initial investigation.
As The Bookseller first reported in its 23rd March edition, Amazon's transferral of its UK business to a Luxembourg-based company in 2006 may have saved the retailer up to £20m in tax; Amazon's UK's cumulative tax bill for the eight years between 2003 and 2010 was £1.1m. Additionally, in a filing to the US Securities and Exchange Commission last year, the retailer revealed it was under investigation by Her Majesty's Revenue and Customs for the tax years 2004-2010.
Today's Guardian newspaper leads on the story, with an additional in-depth spread in the main news section. The Daily Telegraph has this morning followed up the story online.