Brussels — Amazon won its bid to topple a €250m tax bill in another blow to European Commissioner Margrethe Vestager’s crackdown on preferential fiscal deals.
The European Commission “did not prove to the requisite legal standard that there was an undue reduction of the tax burden of a European subsidiary of the Amazon group”, the Luxembourg-based EU judges said. How big companies reduce their tax bills has become a political focus with EU regulators planning a new tax on technology firms if global tax reforms can’t be agreed.
“We’re committed to Europe and to following the law in every jurisdiction in which we operate,” Amazon said. “We have invested €78bn since 2010 and have 60 fulfilment centres, 100 corporate offices and development centres, and employ over 135,000 people in a wide variety of well-paid roles.”Luxembourg’s finance ministry said the ruling for Amazon confirms that its tax treatment at the time wasn’t state aid.
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