© Reuters. A view reveals the brand of Amazon on the Amazon Achievement Heart throughout a media tour forward of the vacation season in Tepotztlan, Mexico, December 13, 2023. REUTERS/Gustavo Graf/file photograph
BRUSSELS (Reuters) – Europe’s prime courtroom on Thursday scrapped an EU order for Amazon to pay 250 million euros ($273 million) in again taxes to Luxembourg, a part of EU antitrust chief Margrethe Vestager’s crackdown in opposition to sweetheart offers between multinationals and EU nations.
“The Court of Justice confirms that the (European) Commission has not established that the tax ruling given to Amazon by Luxembourg was a State aid that was incompatible with the (EU’s) internal market,” the Luxembourg-based Court docket of Justice of the European Union (CJEU) mentioned.
Its resolution is last.
“We welcome the Court’s ruling, which confirms that Amazon followed all applicable laws and received no special treatment. We look forward to continuing to focus on delivering for our customers across Europe,” mentioned an Amazon spokesperson.
The case is C-457/21 P Fee v Amazon.com (NASDAQ:) and Others.
($1 = 0.9169 euros)
