EU ends Amazon state aid case with no back taxes in its basket
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The European Union has concluded its investigation into Amazon's tax arrangements in Luxembourg, deciding not to impose any back taxes. This ends a long-standing state aid case against Amazon.
November 28, 2024 | 12:30 pm
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The EU has closed its investigation into Amazon's tax practices in Luxembourg without imposing back taxes, resolving a significant legal issue for the company.
The closure of the EU investigation without any back taxes is a positive development for Amazon, removing a potential financial and reputational risk. This could lead to a short-term positive impact on Amazon's stock price as it resolves a significant legal issue.
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RELEVANCE 100