Amazon to Be Covered by Global Tax Deal Despite Thin Margins (2)

June 7, 2021, 8:24 PM UTC

Global policy makers are crafting their international tax plan to make sure Amazon.com Inc. is included, even though the U.S. company’s profit margin is below the 10% proposed threshold that would give other countries rights to collect revenue.

Group of Seven finance ministers on Saturday voiced supportfor proposed rules reallocating a portion of profits above a 10% margin to be taxed in other countries, but Amazon has estimated a global operating margin of 7.1% this year. Two people familiar with the negotiations said Amazon will be included, with the particulars of how to design the policy to capture the ...

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