2023-12-15 07:01:00
Amazon Wins $270 Million Tax Fight with EU
The General Court of the European Union has ruled in favor of Amazon in a tax dispute with the European Commission. The court stated that the Commission “did not determine” that a tax agreement between Amazon and Luxembourg was “state aid incompatible with the internal market.” This decision overturns a previous order for Amazon to return 250 million euros, about $270 million, to Luxembourg.
In 2017, the European Commission alleged that Amazon had received illegal tax benefits in Luxembourg, where its European headquarters is located. The tech giant was ordered to repay the amount to the country, prompting Amazon to appeal the decision.
The lower court in the European Union ruled in favor of Amazon in 2021, stating that the Commission failed to prove that illegal tax benefits had been given to the company by Luxembourg. The Commission appealed the decision, leading to the recent ruling by the General Court of the European Union.
Amazon has welcomed the court’s decision, stating that it confirms that the company followed all laws and did not receive special treatment.
The ruling is seen as a significant blow to the European Union’s competition commissioner, who has been seeking to rein in the power of technology companies operating within the bloc and challenge their tax practices.
This decision marks a victory for Amazon in its ongoing legal battles with the European Commission and showcases the company’s ability to navigate complex regulatory challenges.
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