Wednesday, May 12, 2021

EU court backs Amazon in tax ruling

EU court backs Amazon in tax ruling

Brussels says it will "carefully study" whether to appeal to Europe's top court after Amazon won the annulment of a 2017 back-taxes ruling. 

    
Amazon's European headquarters in Luxemburg

Amazon has won a major court case against the European Commission

EU competition chief Margrethe Vestager said Brussels would "study carefully" Wednesday's EU General Court annulment in favor of Amazon.

The case may still end up before the bloc's highest chamber, the European Court of Justice (ECJ).

In 2017, the EU Commission ordered the US retailer to pay €250 million ($300 million) in back taxes to Luxembourg, despite Luxembourg siding with Amazon.

At that time, Vestager had argued that Amazon had profited from special low tax conditions since 2003 in Luxembourg, home to the US giant's European headquarters.

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