Amazon CEO Jeff Bezos commits the locations for his second US headquarters. Criteria include convenient access to public transport and an international airport, a well-trained workforce pool, a strong university system and a diverse population.
Amazon opens a new office in Manchester and will hire more than 1,000 new employees to work on research and development in the UK
However, this disclosure led to criticism, as it was found that the company only paid £ 4.6 million in corporate income tax in 2017, well below the £ 7.4 million it paid last year. Amazon argues that this is because the company grants awards to full-time employees that reduce their tax debt. British Finance Minister Philip Hammond has launched the idea of a tax on digital platforms to pave the way for traditional retailers.
The news comes after a report earlier this year, stating that the company was thinking about creating its own insurance-price comparison site in the UK, which will provide both a further boost to financial services and a challenge to the competitive domestic price comparison market means.