Amazon ordered to pay nearly $300 million to Luxembourg over illegal tax benefits: Official
Posted On: Oct. 5, 2017 4:00 AM CST
Margrethe Vestager, the E.U.'s commissioner for competition, said that Amazon.com Inc. was ordered to pay $294 million to Luxembourg for illegal tax benefits the country had extended the U.S.-based online retailer, CNBC reported. Amazon received tax advantages between 2006 and 2014 in the country without any "valid justification," as a result of which nearly three quarters of the firm's profits were not taxed, Ms. Vestager said. "Member states cannot give selective tax benefits to multinational groups that are not available to others," she added.