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BRUSSELS (Reuters) - Europe s second-highest court on Thursday upheld an EU order to French utility Engie to pay back taxes of 120 million euros ($145.7 million) to Luxembourg, part of an EU crackdown on tax deals which give some firms an unfair advantage. It cannot be disputed that the Engie group received preferential tax treatment owing to the non-application, in the contested tax rulings, of the provision relating to abuse of law, the Luxembourg-based General Court said.
The European Commission in its 2018 decision said the arrangement with Luxembourg authorities artificially reduced Engie s tax burden which meant it paid an effective corporate tax rate of 0.3 percent on certain profits in Luxembourg for about a decade.
Synopsis
Europe s second-top court has annulled an EU order to Amazon to pay about €250 million in back taxes to Luxembourg, part of an EU crackdown against unfair tax deals between multinationals and European Union countries.
AP
Brussels:Europe s second-top court on Thursday annulled an EU order to Amazon.com Inc. to pay about €250 million ($303.28 million) in back taxes to Luxembourg, part of an EU crackdown against unfair tax deals between multinationals and European Union countries. The Luxembourg-based General Court said Amazon had not enjoyed a selective advantage in its tax deal with Luxembourg. 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, judge said.
UPDATE 2-Amazon wins court fight against $303 mln EU tax order Reuters 2 hrs ago
By Foo Yun Chee
BRUSSELS, May 12 (Reuters) - Amazon on Wednesday won its fight against an EU order to pay about 250 million euros ($303 million) in back taxes to Luxembourg as Europe s second highest court dealt a blow to the bloc s efforts to make multinational corporations pay more tax.
The Luxembourg-based General Court said Amazon had not enjoyed a selective advantage in its tax deal with the Grand Duchy. 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, the judge said.
BRUSSELS (May 12): Amazon on Wednesday won its fight against an EU order to pay about 250 million euros (US$303 million) in back taxes to Luxembourg as Europe s second highest court dealt a blow to the bloc s crackdown against unfair tax deals for multinationals.
In a separate case, French utility Engie however lost its appeal against an EU order to pay back taxes of 120 million euros (US$145.7 million) to Luxembourg.
The Luxembourg-based General Court said Amazon had not enjoyed a selective advantage in its tax deal with Luxembourg. 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, the judge said.
TechnologyAmazon wins court fight against $303 mln EU tax order
Foo Yun Chee
3 minute read
Signage is seen at an Amazon facility in Bethpage on Long Island in New York, U.S., March 17, 2020. REUTERS/Andrew Kelly
Amazon (AMZN.O) on Wednesday won its fight against an EU order to pay about 250 million euros ($303 million) in back taxes to Luxembourg as Europe s second highest court dealt a blow to the bloc s efforts to make multinational corporations pay more tax.
The Luxembourg-based General Court said Amazon had not enjoyed a selective advantage in its tax deal with the Grand Duchy. 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, the judge said.