BusinessPostCorner.com
No Result
View All Result
Friday, July 17, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Amazon wins top EU court clash over €250M tax bill

December 14, 2023
in Accounting
Reading Time: 3 mins read
A A
0
Amazon wins top EU court clash over €250M tax bill
ShareShareShareShareShare

Amazon.com Inc. won a dispute at the European Union’s top court against a €250 million ($272 million) bill for allegedly illegal tax breaks.

The EU’s Court of Justice in a binding ruling on Thursday dismissed the European Commission’s appeal, saying EU regulators had “not established” that a tax arrangement between Amazon and Luxembourg “was a state aid that was incompatible with the internal market.” 

The ruling is yet another painful defeat for EU Competition Chief Margrethe Vestager, who’s led a decade-long campaign against special tax treatment doled out to big companies by member states. 

An Amazon Prime parcel passes along a conveyor at an Amazon.com Inc. fulfillment center in Frankenthal, Germany.

Thorsten Wagner/Bloomberg

She slapped Apple Inc. with a record €13 billion order in a landmark case that now hinges on a final ruling from the EU’s top court. A court adviser last month said judges should topple the iPhone maker’s earlier court success.

The watchdog said the ruling annulled its 2017 decision and it will now have to “carefully study” it and “assess its implications.”

Amazon said the ruling “confirms” that it “followed all applicable laws and received no special treatment.”

Overall, the commission has had a mixed success in the bloc’s courts, as companies challenged their tax orders. But judges have at least backed the regulator’s novel policy of using state-aid law to attack unfair tax aid. 

The case is: C-457/21 P, Commission v. Amazon.com and Others.

Credit: Source link

ShareTweetSendPinShare
Previous Post

ECB keeps rate on hold but lowers inflation forecast

Next Post

Pew: More boomers are working during their retirement years

Next Post
Pew: More boomers are working during their retirement years

Pew: More boomers are working during their retirement years

Claude AI Model Fable 5 Predicts Bitcoin Price Target For 2026

Claude AI Model Fable 5 Predicts Bitcoin Price Target For 2026

July 14, 2026
OBBBA changes to keep an eye on for 2026

OBBBA changes to keep an eye on for 2026

July 14, 2026
Bitcoin Price Prediction: Strategy’s New BTC Approach Explained

Bitcoin Price Prediction: Strategy’s New BTC Approach Explained

July 14, 2026
Platform acquires The Hultquist Firm

Platform acquires The Hultquist Firm

July 14, 2026
Messi punishes England to drive Argentina into World Cup final

Messi punishes England to drive Argentina into World Cup final

July 16, 2026
Neuroscientist warns Gen Z first generation less cognitively capable than their parents

Neuroscientist warns Gen Z first generation less cognitively capable than their parents

July 12, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

China hits out at British Steel nationalisation

China hits out at British Steel nationalisation

July 17, 2026
Tax Fraud Blotter: Win some, lose some

Tax Fraud Blotter: Win some, lose some

July 17, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!