[ Director: Mário Frota [ Coordenador Editorial: José Carlos Fernandes Pereira [ Fundado em 30-11-1999 [ Edição III [ Ano X

quarta-feira, 4 de outubro de 2017

Commission orders Amazon to pay €250 million in back taxes


The European Commission ordered Amazon to pay €250 million in back taxes to Luxembourg.
[(soumit/Flickr)]

Following an in-depth investigation launched in October 2014, the Commission has concluded that “Luxembourg gave illegal tax benefits to Amazon”, it said in a statement.

Luxembourg’s tax rulings in 2003 and 2011 enabled Amazon to shift the vast majority of its profits from an Amazon group company subject to tax in Luxembourg (Amazon EU) to a company which is not subject to tax (Amazon Europe Holding Technologies).

“As a result, almost three-quarters of Amazon’s profits were not taxed. In other words, Amazon was allowed to pay four times less tax than other local companies subject to the same national tax rules. This is illegal under EU State aid rules,” Competition Commissioner Margrethe Vestager said.

Addressing a news conference in Brussels, she said the shell company had “no employees, no offices, no obvious business activities” and stressed:
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