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Amazon.com Inc To Face UK lawmakers Over Tax-Reuters


Monday, 12 Nov 2012 08:35am EST 

Reuters reported that UK lawmakers will quiz executives of Amazon.com Inc on November 12, 2012 about how they have managed to pay only small amounts of tax in Britain while racking up billions of dollars worth of sales here. The Public Accounts Committee (PAC), which is charged with monitoring government financial affairs, has invited the companies to give evidence amid mounting public and political concern about tax avoidance by big international companies. 

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