RIYADH: Amazon’s European retail arm paid no income tax after it reported losses of €1.16 billion ($1.3 billion) in 2021. Amazon EU Sarl also claimed €1 billion in tax credits, even as sales exceeded €51.3 billion during the year, Bloomberg reported. The Luxembourg-based business saw revenues soar by 17 percent. An Amazon spokesperson told Bloomberg the company was not required to pay taxes as its losses came on the back of investing heavily in European infrastructure and jobs. “Across Europe, we pay corporate tax amounting to hundreds of millions of euros,” the spokesperson added. “Last year Amazon EU Sarl made a loss as we opened more than 50 new sites across Europe and created over 65,000 well-paid jobs, taking our total European permanent workforce to over 200,000.”