The EU top court scraps a 250 million euro tax order vs Amazon. The highest court in Europe overturned an EU judgment that required Amazon (AMZN.O.) to pay back taxes to Luxembourg for 250 million euros ($273 million). This decision was made as part of EU antitrust head Margrethe Vestager’s assault on sweetheart deals between multinational corporations and EU countries.
“The Court of Justice confirms that the European Commission has not established that the tax ruling given to Amazon by Luxembourg was a state aid that was incompatible with the EU’s internal market,” the Court of Justice of the European Union (CJEU), which is situated in Luxembourg, released a statement.
Their choice is irrevocable. We are pleased with the court’s decision, which demonstrates that Amazon complied with all applicable applicable regulations and did not get any preferential treatment. “A spokesperson for Amazon expressed their excitement about continuing to concentrate on delivering for our customers located throughout Europe.”
Chiara Putaturo, an expert on EU taxes for Oxfam, voiced her disapproval of the decision.
“Amazon got an early Christmas present this year, as the company dodged its decade-old tax bill to Luxembourg and can continue to do so,” according to Putaturo.
“Because of this, the European Union has to go forward with genuine tax changes. It may begin by not disregarding the fact that there are tax havens inside its boundaries that enable businesses to avoid paying their taxes by using vacant offices, as she said.
The case is C-457/21 P Commission v. Amazon.com and Others.
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