EU orders Amazon to pay €250 million in owed taxes

Oct04

by Sindy Cator on October 4, 2017 at 11:16 am

The European Commission has concluded that Amazon received “undue tax benefits” in Luxembourg to the amount of around €250 million. The Commission says that Luxembourg must make Amazon pay back the entire amount as substantial tax benefits are considered to be illegal aid. The European Commissioner for Competition, Margrethe Vestager, summed up the case in a statement: “Luxembourg gave illegal tax benefits to Amazon. As a result, almost three quarters of Amazon’s profits were not taxed. In other words, Amazon was allowed to pay four times less tax than other local companies subject to the same national tax rules. This is illegal…