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 ...
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