Amazon wins appeal over €250m EU tax bill
by Rupert Neate Wealth correspondent from on (#5HQVJ)
2017 European Commission decision that ordered US firm to pay back-taxes to Luxembourg overturned
Amazon has won a court battle against the EU over allegations that the US technology company received 250m in illegal state aid" tax benefits from Luxembourg.
The ruling from Europe's general court is the latest blow to the EU's fight against sweetheart deals" that allegedly allow big multinational tech companies to avoid hundreds of millions of euros in tax in other member states.
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