EU court: Amazon tax deal with Luxembourg was legal

EU court: Amazon tax deal with Luxembourg was legal

3 years ago
Anonymous $OlGJJXacOb

https://apnews.com/6882b56aabd79186deb3a7325539dd5b

BRUSSELS (AP) — In the latest setback to European Union efforts to tackle corporate tax avoidance, a court on Wednesday annulled a ruling by the European Commission that a tax deal between the Luxembourg government and Amazon amounted to illegal state support.

The EU's executive branch ordered the U.S. online retailer in 2017 to pay around 250 million euros ($300 million) in back taxes to Luxembourg. But judges at the EU's General Court said the European Commission didn't prove “to the requisite legal standard that there was an undue reduction of the tax burden of a European subsidiary of the Amazon group."

EU court: Amazon tax deal with Luxembourg was legal

May 12, 2021, 11:37am UTC
https://apnews.com/6882b56aabd79186deb3a7325539dd5b > BRUSSELS (AP) — In the latest setback to European Union efforts to tackle corporate tax avoidance, a court on Wednesday annulled a ruling by the European Commission that a tax deal between the Luxembourg government and Amazon amounted to illegal state support. > The EU's executive branch ordered the U.S. online retailer in 2017 to pay around 250 million euros ($300 million) in back taxes to Luxembourg. But judges at the EU's General Court said the European Commission didn't prove “to the requisite legal standard that there was an undue reduction of the tax burden of a European subsidiary of the Amazon group."