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Amazon wins US tax dispute over Luxembourg unit

Friday 24 March 2017 | 08:47 CET | News
Amazon has won a more than USD 1.5 billion tax dispute with the US tax service over transactions involving a Luxembourg unit more than a decade ago. Judge Albert Lauber of the US Tax Court rejected a variety of IRS arguments, and found that on several occasions the agency abused its discretion, or acted arbitrarily or capriciously, Reuters reports. Amazon said the case involved transactions in 2005 and 2006, and could have increased its federal tax bill by USD 1.5 billion plus interest. It also said a loss could add "significant" tax liabilities in later years. The IRS and Amazon declined to

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Categories: Internet
Companies: Amazon / European Commission
Countries: Luxembourg / United States
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