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Amazon may face EUR 400 mln tax bill in Luxembourg - report

Friday 20 May 2016 | 10:09 CET | News
EU state aid regulators aim to rule on Amazon's tax deal with Luxembourg by July, two people familiar with the matter told Reuters. It may order the country's tax authorities to recover about EUR 400 million in back taxes. The European Commission's decision will come after a near-two year investigation into whether a Luxembourg 2003 advance tax ruling for an Amazon subsidiary allows the company to pay less tax there than other companies, giving it an unfair advantage. The figure of EUR 400 million is a preliminary assessment and may be revised after discussions with other units in the

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Categories: Internet
Companies: Amazon / European Commission
Countries: Europe / Luxembourg
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