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Amazon EU Tax Case: Amazon wins $303 million tax case in European Union


Synopsis
Europe s second-top court has annulled an EU order to Amazon to pay about €250 million in back taxes to Luxembourg, part of an EU crackdown against unfair tax deals between multinationals and European Union countries.
AP
Brussels:Europe s second-top court on Thursday annulled an EU order to Amazon.com Inc. to pay about €250 million ($303.28 million) in back taxes to Luxembourg, part of an EU crackdown against unfair tax deals between multinationals and European Union countries.
The Luxembourg-based General Court said Amazon had not enjoyed a selective advantage in its tax deal with Luxembourg. The Commission did not prove to the requisite legal standard that there was an undue reduction of the tax burden of a European subsidiary of the Amazon group, judge said. ....

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India sticks to AstraZeneca vaccine 'with full vigour'

India sticks to AstraZeneca vaccine 'with full vigour'
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