Oct 4, 2017

Amazon ordered to pay €250m in back taxes

Amazon has been ordered to repay €250m in back taxes after the EU said it had been given an unfair tax advantage in Luxembourg. The EU said the online giant had been allowed to pay "Substantially less tax than other businesses as a result". The Commission said it planned to take Ireland to court over its failure to collect €13bn of back taxes from Apple. Ms Vestager said the Luxembourg benefits meant that Amazon paid four times less tax than other local companies. The tax deal between Luxembourg and Amazon was struck in 2003.

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