By  on October 4, 2017

The European Commission wants Amazon to hand over more than 250 million euros in back taxes and is proposing an update to tax law that may allow companies to avoid paying at the proper rate.

Amazon’s tax bill stems from the commission’s determination that an earlier ruling by a court in Luxembourg allowed the giant e-tailer to cut its tax liability between 2006 and 2014, something the commission said created an unfair advantage and crossed aid rule for European Union member states.

To continue reading this article...

load comments
blog comments powered by Disqus