Film backdrop image for Amazon hit with EU back taxes bill (2017)

20173 minPGnews

Corporate Responsibility

Amazon hit with EU back taxes bill

20173 minPGnews

Brussels bills Amazon €250 million for Luxembourg back taxes in a tax avoidance crackdown.

Corporate Responsibility

Genres

Channel: Financial Times

Amazon hit with EU back taxes bill

2017• 3 minPG

Synopsis

Brussels bills Amazon €250 million for Luxembourg back taxes in a tax avoidance crackdown.

Synopsis

Brussels issues a bill to Amazon on Wednesday for back taxes amounting to up to €250 million. This action is part of the European Union's ongoing efforts to combat tax avoidance by large multinationals. The bill relates to Amazon's tax arrangements in Luxembourg, which have come under scrutiny as the EU intensifies its crackdown on corporate tax practices. The Financial Times provides further insights into this significant development in the business landscape.

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