No tax benefits: Amazon tax arrears – EU court overturns decision on economy

No tax benefits: Amazon tax arrears - EU court overturns decision on economy

Luxembourg (dpa) – Amazon, the world’s largest online retailer, has not benefited from illegal tax benefits in Luxembourg, according to a European Court of Justice ruling.

Judges on Wednesday overturned an EU commission order. Luxembourg is required to pay 250 250 million in taxes and interest from a US company.

The court ruled that the commission had not provided sufficient legal evidence that Amazon Group’s European subsidiary had erroneously reduced its tax burden.

The order in the Amazon case was decided by the European Union Commission in 2017, and the investigation concluded that it had given the Luxembourg company anti-competitive advantages from May 2006 to June 2014 to connect itself. Most importantly, Amazon has not taxed more than three-quarters of its profits from EU sales.

The European Commission is unlikely to approve the ruling. The Brussels Authority has already filed a lawsuit against the European Court of Human Rights (ECHR) for overturning a request from Ireland to recover up to 13 13 billion in taxes from iPhone maker Apple. They also have the right to oppose the Amazon case.

© dpa-infocom, dpa: 210512-99-563688 / 4

See also  The Belgians want to take over Achen Publishing Company
Written By
More from Jake Pearson
If a snake accidentally bites, will it die? Find it
Biting your lips is a very painful experience. Imagine, however, a snake...
Read More
Leave a comment

Your email address will not be published.