- If the new G7 agreement on a global minimum tax is ratified, Amazon (AMZN -0.4%) could be included despite falling consistently below the 10% margin threshold that the G7 set for the rate.
- Financial Times sources say the Amazon Web Services cloud division could be considered a separate business that would fall within the margin rules and force the segment to pay higher taxes in Europe.
- In 2020, AWS had a 30% operating margin versus the 3% margin for the retail business.
- Background: G7 tax deal: There's still a long way to go