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

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

BRUSSELS (Reuters) – Amazon (AMZN.O) 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 APPL.O was ordered to pay to Ireland last year.EU Competition Commissioner Margrethe Vestager, who has other big U.S. tech companies in her sights, has taken a tough line on multinational companies’ approach to tax.

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

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