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May 13, 2021 11:59:39 am The EU’s General Court on Wednesday annulled a European Commission decision from 2017, in which the Commission had found that a tax deal between the Luxembourg government and multinational tech company Amazon amounted to “illegal state aid.” In 2017, Amazon was ordered by the European Commission, the EU’s politically independent executive arm, to pay approximately €250 million (USD $303 million) in back taxes to Luxembourg. The original decision was made in order to tackle corporate tax avoidance related to Luxembourg’s tax treatment of two companies in the Amazon group: Amazon EU and Amazon Europe Holding Technologies. It was argued by Margrethe Vestager, the EU official in charge of antitrust issues, that Amazon had unfairly profited from special low tax conditions since 2003 in Luxembourg, which is where its European headquarters are based. As a result of this, three-quarters of Amazon’s profits in the EU were not taxed.

Margrethe vestagerAmazon groupEuropean unionAl jazeeraEuropean commissionAmazon europe holding technologiesCourt onEuropean courtAmazon europe holdingGeneral courtஅமேசான் குழுஐரோப்பிய தொழிற்சங்கம்அல் ஜஜீரஐரோப்பிய தரகுஅமேசான் யூரோப் வைத்திருத்தல் தொழில்நுட்பங்கள்நீதிமன்றம் ஆன்