By business reporter Nassim Khadem/ABC News
Updated Fri at 8:48am
Amazon has paid little tax in Australia since setting up its local online retail business, its financial accounts show, with possibly hundreds of millions of dollars flowing offshore last year.
The company has used a range of tactics and loopholes to legally reduce the income taxes it pays around the world.
ABC News can reveal that, in Australia, Amazon’s three local entities had combined revenues of more than $1 billion but a combined tax bill of just over $20 million in 2018.
Read full story HERE.
The loopholes that deliver Amazon a fortune/ABC News
Updated Thursday at 16:37
First posted Thursday at 16:32
Expires: Friday 18 October 4757 8:32pm