BRUSSELS—Amazon does not have to pay 250 million euros ($273 million) in back taxes to Luxembourg, Europe's top court ruled on Thursday, marking a defeat for EU antitrust chief Margrethe Vestager's crackdown on sweetheart tax deals for multinationals.
"The Court of Justice confirms that the (European) Commission has not established that the tax ruling given to Amazon by Luxembourg was state aid that was incompatible with the (EU's) internal market," the Luxembourg-based Court of Justice of the European Union (CJEU) said.
Its decision is final.
"We welcome the Court’s ruling, which confirms that Amazon followed all applicable laws and received no special treatment. We look forward to continuing to focus on delivering for our customers across Europe," said an Amazon spokesperson.
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Amazon Wins $270 Million Tax Fight in Blow to EU’s Vestager
- by: Reuters
- 12.14.23
- Source:
The Epoch Times
- 12/14/2023
Amazon delivery box with gifts in front of a Christmas tree. by Wicked Monday is licensed under Unsplash unsplash.com
Amazon delivery box with gifts in front of a Christmas tree. by Wicked Monday is licensed under Unsplash unsplash.com
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