EU orders Amazon to repay $295 million in Luxembourg back taxes - InvestingChannel

EU orders Amazon to repay $295 million in Luxembourg back taxes

“Amazon was told on Wednesday to pay about 250 million euros ($295 million) in back taxes to Luxembourg, the latest U.S. tech company to be caught up in a European Union crackdown on unfair tax deals. The fine was much lower than some sources close to the case had expected and is only a fraction of the 13 billion euros that Apple Inc was ordered to pay to Ireland last year… Amazon said it was considering an appeal.”