currently appealing the case it argues that the revenues in question a subject to u.s. tax rules instead meanwhile luxembourg was also singled out by the commission on wednesday ruling that it has granted online shopping giant amazon on due tax benefits for the past eight years leading around three quarters of its profits untaxed the e.u. says that gave it an unfair advantage over other companies. not justified amazon now has to repay the tax benefit worth around two hundred fifty million euros plus interest the commission s position is clear it states that no matter your flag or ownership paying your taxes is part of doing business in the european union. the crisis in spain over the catalonia independence vote has investors on the edge of their seats most european markets finished wednesday s trading session with losses there was one notable exception germany s benchmark
sara and indeed stocks retreated and spanish borrowing costs went up as investors were trying to evaluate the political consequences of the catalonia independence vote but after sunday s brutal scenes confidence and prime minister mariano government has taken a hit and worries about europe s fifth largest economy are growing. before the close of monday s session on the madrid stock exchange the country s benchmark index had dropped as much as one point six percent wiping out gains made over the previous week many traders fear that uncertainty over the fate of catalonia will lead to further declines in this climate vestas buying spanish government bonds may want higher yields which are one point seven percent on ten year bonds the highest in many months the common european currency also fell slightly the euro has fallen below one dollar eighteen cents losing nearly