The European arm of the American electronic commerce and cloud computing giant, Amazon, received undue tax benefits of around €250m from Luxembourg, according to the European Commission. This is a violation of European Union State aid rules.

“Luxembourg gave illegal tax benefits to Amazon,” said Commissioner Margrethe Vestager, in charge of competition policy. “As a result, almost three quarters of Amazon’s profits were not taxed. In other words, Amazon was allowed to pay four times less tax ...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now