Amazon wins court battle over €250m tax bill

Latest News

Amazon wins court battle over €250m tax bill

By Alexandra Leonards

13/5/2021

Amazon has won a legal appeal in the European General Court over an order it had to pay €250 million worth of back taxes to Luxembourg.

Amazon had been accused of receiving a preferential tax deal with Luxembourg which the EU said violate state aid rules.

According to the General Court, the European Commission did not prove to the requisite legal standard that there was an undue reduction of the tax burden of a European subsidiary of the Amazon group.

The court overturned a 2017 ruling by the commission, which found that the tech giant’s 2006 tax deal with Luxembourg's government counted as illegal state support.

National Technology News has reached out to Amazon for comment on the ruling.

The future-ready CFO: Driving strategic growth and innovation

This National Technology News webinar sponsored by Sage will explore how CFOs can leverage their unique blend of financial acumen, technological savvy, and strategic mindset to foster cross-functional collaboration and shape overall company direction. Attendees will gain insights into breaking down operational silos, aligning goals across departments like IT, operations, HR, and marketing, and utilising technology to enable real-time data sharing and visibility.

The corporate roadmap to payment excellence: Keeping pace with emerging trends to maximise growth opportunities

In today's rapidly evolving finance and accounting landscape, one of the biggest challenges organisations face is attracting and retaining top talent. As automation and AI revolutionise the profession, finance teams require new skillsets centred on analysis, collaboration, and strategic thinking to drive sustainable competitive advantage.