May 12, 2021
Amazon has €250m 'back taxes' overturned in court
The contentious order dates back to 2017, when the European Competition Commissioner, Margrethe Vestager, had turned her attention to tech giants and their tax arrangements in some EU countries. The European Commission had alleged that the tax deal amounted to state aid for the company - something which breaks the rules of the EU's internal market. In a statement, Margrethe Vestager said: "All companies should pay their fair share of tax." Despite the setbacks, the Commission's pressure on tech giants to pay more tax has indirectly led to changes in tax systems used by some EU members. An international effort involving the Organisation for Economic Cooperation and Development is also aiming to establish a set of common international rules on how multinational corporations should be taxed.
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