Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Amazon ordered to pay $300 million by EU over ‘illegal tax advantage’

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

CNBC
Oct 4, 2017

Amazon has been ordered to pay 250 million euros ($294 million) back to Luxembourg after the European Commission said the online retailer had received illegal tax benefits.

According to the European Commission, Amazon received tax advantages between 2006 and 2014 in the country without any “valid justification.”

“Luxembourg gave illegal tax benefits to Amazon. As a result, almost three quarters of Amazon’s profits were not taxed,” Margrethe Vestager, the EU’s commissioner for competition, said in a statement.

“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. Member states cannot give selective tax benefits to multinational groups that are not available to others,” she added.

Read more

This article was posted: Wednesday, October 4, 2017 at 6:42 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
The Truth About Jerusalem See the rest on the Alex Jones YouTube channel.

Meryl Streep: Shut the F*ck Up See the rest on the Alex Jones YouTube channel.

https://www.youtube.com/embed/mm42_08Uv5g https://www.youtube.com/embed/JO88pWIkuuM

© 2017 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.