Amazon Is Reportedly Having Its Tax Payments Probed By The Eu
Hot on the heels of Apple’s tax woes in Europe, news has emerged that Amazon is next in the firing line for the European Commission (EC). As the Financial Times reports, the EC is preparing to launch a probe into allegations that Luxembourg, where Amazon’s Europäische Union headquarters is based, enabled the e-commerce giant to illegally benefit from state subsidies. The FT says: “Investigators believe Luxembourg gave Amazon favourable terms in a 2003 tax ruling, which caps its tax exposure to the Grand Duchy and helps limit its overall bill to less than 1 per cent of the retailer’s European income,...
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