Why Luxembourg Challenged EU Demand to Recoup Taxes from Amazon
According to Reuters, Luxembourg is questioning the European Commission’s decision that e-commerce giant Amazon (AMZN) was given special tax treatment from the country. According to the European Commission, Amazon’s regional headquarters in Luxembourg could pay fewer taxes on a majority of its European profits between 2006 and 2014. The European Union is pushing Luxembourg to recover an unpaid tax bill of about $300.0 million from Amazon.