{"id":6580,"date":"2021-06-09T09:14:51","date_gmt":"2021-06-09T13:14:51","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=6580"},"modified":"2021-08-03T10:59:00","modified_gmt":"2021-08-03T14:59:00","slug":"g7-finds-ways-to-tax-more-of-amazons-profit","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/g7-finds-ways-to-tax-more-of-amazons-profit\/","title":{"rendered":"G7 Finds Ways To Tax More Of Amazon&#8217;s Profit"},"content":{"rendered":"\n<p>According to officials close to the G7 tax talks, Reuters reports the G7 countries have drawn up a plan to add Amazon to a list of the 100 most profitable companies facing higher taxes by targeting its more profitable cloud-computing units.<\/p>\n\n\n\n<p>While Amazon will not be included in the new proposed rules because its overall operating margin as a company is less than 10%, its Amazon Web Services, which has a margin of more than 30%, qualifies it for inclusion on the list, according to official data.<\/p>\n\n\n\n<p>The source told Reuters: &#8220;We now decided that if a corporation as a whole does not reach the profitability limit, but a large division of it exceeds the G7 thresholds, it must be included. With this, we&#8217;re aiming exactly at Amazon.&#8221;<\/p>\n\n\n<p>For more information, read the <a href=\"https:\/\/www.reuters.com\/business\/g7-countries-devise-way-catch-amazon-tax-net-sources-2021-06-08\/\" target=\"_blank\" rel=\"noopener\">original story<\/a> in Reuters.<\/p>","protected":false},"excerpt":{"rendered":"<p>The G7 countries plan to add Amazon to a list of the 100 most profitable companies facing higher taxes by targeting its more profitable cloud-computing units.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[57],"tags":[212],"class_list":["post-6580","post","type-post","status-publish","format-standard","hentry","category-companies","tag-amazon"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/6580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=6580"}],"version-history":[{"count":3,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/6580\/revisions"}],"predecessor-version":[{"id":6611,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/6580\/revisions\/6611"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=6580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=6580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=6580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}