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Amazon wins $270 million tax fight with EU

Amazon does not have to pay €250 million ($273 million) in back taxes to Luxembourg, the top court in the European Union ruled Thursday, marking a defeat for the EU’s crackdown on sweetheart tax deals for multinationals.

“The Court of Justice confirms that the (European) Commission has not established that the tax ruling given to Amazon by Luxembourg was state aid that was incompatible with the (EU’s) internal market,” the Court of Justice of the European Union said.

Its decision is final.

autotldr Bot ,

This is the best summary I could come up with:

Brussels — Amazon does not have to pay €250 million ($273 million) in back taxes to Luxembourg, the top court in the European Union ruled Thursday, marking a defeat for the EU’s crackdown on sweetheart tax deals for multinationals.

“The Court of Justice confirms that the (European) Commission has not established that the tax ruling given to Amazon by Luxembourg was state aid that was incompatible with the (EU’s) internal market,” the Court of Justice of the European Union said.

“We welcome the Court’s ruling, which confirms that Amazon followed all applicable laws and received no special treatment.

Chiara Putaturo, Oxfam’s EU tax expert, criticized the decision.

“Amazon got an early Christmas present this year, as the company dodged its decade-old tax bill to Luxembourg and can continue to do so,” she said.

Earlier this month, French utility Engie won its fight against an EU order to pay €120 million in back taxes to Luxembourg.

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