News of Bahrain
World4 October 20171 min read

EU orders Amazon to pay 250 mn euro Luxembourg tax bill

Brussels : EU competition chief Margrethe Vestager on Wednesday ordered Amazon to pay 250 million euros in back taxes linked to an "illegal tax break" that Luxembourg granted the internet shopping giant. "Luxembourg gave illegal tax benefits to Amazon. As a result, almost three q

Editorial Team Legacy

Published 4 October 2017, 8:00 · Updated 21:46

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EU orders Amazon to pay 250 mn euro Luxembourg tax bill

Brussels : EU competition chief Margrethe Vestager on Wednesday ordered Amazon to pay 250 million euros in back taxes linked to an "illegal tax break" that Luxembourg granted the internet shopping giant.

"Luxembourg gave illegal tax benefits to Amazon. As a result, almost three quarters of Amazon's profits were not taxed," Vestager said in a statement.

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