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Amazon wins one point against Brussels


Archyde
May 13, 2021 by archyde
Amazon, 1 – Brussels, 0. The court of the European Union (EU), based in Luxembourg and capable of judging the legality of decisions of the European institutions, ruled in favor, Wednesday, May 12, in the online commerce giant. Amazon challenged the European Commission’s decision requiring it to recover 250 million euros in tax benefits granted to it by Luxembourg, the country in which Amazon’s European headquarters are located.
→ ANALYSIS. Europe takes an important step towards tax transparency
In 2017, when it rendered its decision, the European executive was nevertheless certain: Amazon had benefited from illegal State aid (thanks to a clever tax package based on agreements with the Grand Duchy which allowed the American group to escape three-quarters of corporate tax), which dramatically distorted competition on the Old Continent. ....

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