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EU: Amazon must pay back €250 million in unfair tax benefits
The European Commission says that Amazon received tax benefits from member country Luxembourg that totalled around €250 million. Under EU State aid rules, this is illegal and the country has been told it must recover this sum. Amazon was able to pay substantially less tax -- the commission says the company was paying four times less than other local companies. Commissioner Margrethe Vestager said: "Following an in-depth investigation launched in October 2014, the Commission has concluded that a tax ruling issued by Luxembourg in 2003, and prolonged in 2011, lowered the tax paid by Amazon in Luxembourg without any valid justification."
