A Guardian report this week found that Amazon paid meagre corporation taxes in India despite billing billions in revenue
Cloudtail paid just £830,000 (INR 8.53 Cr) paid in tax per annum compared with £798 Mn (INR 8.234.55 Cr) in average revenues it reported in the last four years
Cloudtail is currently one of the largest sellers on Amazon, wherein 76% of the business entity is currently owned by Catamaran Ventures
Amazon’s proxy seller Cloudtail–a joint venture between the commerce firm and Infosys cofounder NRN Murthy’s Catamaran Ventures has received a tax notice demand to the tune of INR 54.5 Cr, The Guardian reported on June 14.
The report said that Cloudtail has received a show cause notice from the Directorate General of Goods and Service Tax Intelligence which accused the company of evading Rs 54.5 crore in taxes, along with interest and penalties, for service tax-related matters.
Cloudtail is currently one of the largest sellers on Amazon, wherein 76% of the business…