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Google, Amazon and Co. Pay Less Tax Than an Austrian Sausage Stand: Report

Multinational corporations such as Starbucks (SBUX) and Google (GOOG) pay less tax in Austria than one of the country's famous coffee houses or sausage stands yet rake in hundreds of millions from advertising in the small Alpine nation, Austrian chancellor Christian Kern said.

The center-left politician quoted Austrian activist and author Max Schrems, who said Amazon (AMZN) only paid €1,400 ($1,562) in corporate taxes in 2014 during an interview with Der Standard. He also bemoaned outdated Austrian legislation that uses fees on advertisements to fund the country's independent...


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