EU Courts Side With Amazon In Luxembourg Tax Case

Share post:

European courts have ruled out an order by the European Commission requiring Amazon to pay €250 million in back taxes to Luxembourg for so-called “illegal state aid.”

The case started after the European Commission concluded that Luxembourg had given undue tax advantages of around €250 million ($303 million) to Amazon following an investigation into Amazon’s tax arrangement in Luxembourg in 2014.

In its conclusion on the case, the General Court found that “The Commission did not prove to the requisite legal standard that there was an undue reduction of the tax burden of a European subsidiary of the Amazon group.”

In an email to NPR, Amazon said it welcomed the court’s ruling, “which is in line with our long-standing position that we followed all applicable laws and that Amazon received no special treatment. We’re pleased that the Court has made this clear, and we can continue to focus on delivering for our customers across Europe.”

For more information, read the original story in NPR.

SUBSCRIBE NOW

Related articles

Intel’s contract manufacturing hits setback with quality issues

Intel’s contract manufacturing business has encountered a major setback after silicon wafers produced for Broadcom failed to meet...

Dell has another major round of layoffs

Dell has initiated another round of layoffs, affecting a significant number of employees, including long-term company veterans. HR...

Intel to lay off Over 15,000 employees in major cost-cutting move

Intel has announced a significant downsizing of its workforce, laying off over 15,000 employees as part of a...

Costs from Global CrowdStrike Outage Could Exceed $1 Billion

The global tech outage caused by a faulty CrowdStrike update on Friday could result in damages exceeding $1...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways