Amazon has won a court battle against the EU over allegations that the US technology company received €250m in “illegal state aid” tax benefits from Luxembourg. The general court ruling overturns a 2017 decision from the European Commission that had ordered Amazon to pay €250m (£215m) in back taxes to Luxembourg. At the time of the 2017 decision, Margrethe Vestager, the European competition commissioner, said: “Luxembourg gave illegal tax benefits to Amazon. “In other words, Amazon was allowed to pay four times less tax than other local companies subject to the same national tax rules. “Amazon has seen its profits soar during the pandemic – a record €44bn in European sales alone,” Putaturo said.

Source: The Guardian May 12, 2021 11:26 UTC