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Amazon wins EU court fight over $300 million tax ruling
A European Union court has overturned a ruling by the European Commission that a tax deal between Luxembourg s government and Amazon amounted to illegal state support
By SAMUEL PETREQUIN Associated Press
May 12, 2021, 1:09 PM
• 3 min read
The Associated Press
FILE - In this Feb. 19, 2013 file photo, the internet trader Amazon logo is seen behind barbed wire at the company s logistic center in Rheinberg, Germany. A European Union court annulled Wednesday, May 12, 2021 a ruling by the European Commission that a tax deal between the Luxembourg government and Amazon amounted to illegal state support. The Commission s decision related to Luxembourg s tax treatment of two companies in the Amazon group, Amazon EU and Amazon Europe Holding Technologies. (AP Photo/Frank Augstein, File)
Margrethe Vestager, the EU official in charge of antitrust issues, argued at the time that Amazon had unfairly profited from special low tax conditions since 2003 in tiny Luxembourg, where its European headquarters are based. As a result, almost three quarters of Amazon’s profits in the EU were not taxed, she said. Vestager didn t reply immediately to a request for comment.
Both Luxembourg and Amazon challenged the decision with the EU s General Court.
Credit: AP
In this Feb. 19, 2013 file photo, the internet trader Amazon logo is seen behind barbed wire at the company s logistic center in Rheinberg, Germany. (AP Photo/Frank Augstein, File)