Amazon Wins $300 Million Tax Battle in EU
By Sam Schechner
Amazon.com Inc. struck a new blow to the European Union's
efforts to wring more tax from big tech companies when the bloc's
second highest court sided with the company over a $300 million tax
An EU court in Luxembourg on Wednesday annulled a 2017 decision
from the European Commission, the EU's top antitrust authority,
that had ordered Amazon to pay 250 million euros ($303.8 million)
in taxes to Luxembourg -- the latest of several big EU tax
decisions to be overturned.
The decision is a victory for Amazon, and a significant blow to
Margrethe Vestager, an executive vice president of the European
Commission who is leading a campaign to curb alleged excesses by
some of the world's largest tech companies including Amazon, Apple
Inc. and Alphabet Inc.'s Google.
Write to Sam Schechner at firstname.lastname@example.org
(END) Dow Jones Newswires
May 12, 2021 05:36 ET (09:36 GMT)
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