Amazon wins court appeal in Luxembourg tax case
Business
May 13, 2021
Luxembourg: Amazon scored a major legal victory on Wednesday when an EU court annulled an order from the bloc´s powerful antitrust authority that Luxembourg recoup 250 million euros ($295 million) in back taxes.
The European Commission in 2017 accused Luxembourg of handing tax privileges to the internet retail giant that amounted to illegal state aid.
But the EU General Court found no selective advantage had been given to the firm by the small EU Duchy, a statement said.
The setback for the EU lands less than a year after iPhone maker Apple spectacularly won its appeal in the same court against the European Commission´s blockbuster order in 2016 that Apple repay Ireland 13 billion euros.
Amazon wins EU court appeal in Luxembourg tax case
The cases came in the wake of the 2014 LuxLeaks revelations that unearthed secret deals between Luxembourg and hundreds of companies guaranteeing super low tax bills.
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LUXEMBOURG: Amazon scored a major legal victory on Wednesday when an EU court annulled an order from the bloc s powerful antitrust authority that Luxembourg recoup 250 million euros ($295 million) in back taxes.
The European Commission in 2017 accused Luxembourg of handing tax privileges to the internet retail giant that amounted to illegal state aid.
But the EU General Court found no selective advantage had been given to the firm by the small EU Duchy, a statement said.
Amazon Wins European Union Court Appeal In Luxembourg Tax Case Amazon Wins European Union Court Appeal In Luxembourg Tax Case The European Commission in 2017 accused Luxembourg of handing tax privileges to the internet retail giant that amounted to illegal state aid.
Amazon won European Union court appeal in Luxembourg Tax case.
Luxembourg:
Amazon scored a major legal victory on Wednesday when an EU court annulled an order from the bloc s powerful antitrust authority that Luxembourg recoup 250 million euros ($295 million) in back taxes.
The European Commission in 2017 accused Luxembourg of handing tax privileges to the internet retail giant that amounted to illegal state aid.