May 12, 2021 Share
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 European Commission 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.”
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Amazon wins EU court fight over $300 million tax ruling
A European Union court has overturned a ruling by the European Commission that a tax deal between Luxembourg s government and Amazon amounted to illegal state support
By SAMUEL PETREQUIN Associated Press
May 12, 2021, 1:09 PM
• 3 min read
The Associated Press
FILE - In this Feb. 19, 2013 file photo, the internet trader Amazon logo is seen behind barbed wire at the company s logistic center in Rheinberg, Germany. A European Union court annulled Wednesday, May 12, 2021 a ruling by the European Commission that a tax deal between the Luxembourg government and Amazon amounted to illegal state support. The Commission s decision related to Luxembourg s tax treatment of two companies in the Amazon group, Amazon EU and Amazon Europe Holding Technologies. (AP Photo/Frank Augstein, File)
SEATTLE (dpa-AFX) - The General Court of the European Union has annulled the European Commission's tax ruling against Amazon.com's (AMZN) subsidiaries in Europe. Amazon pursues its commercial activities