European Union: tax treaty between Luxembourg and Amazon seems to be “State aid”
European regulators are investigating various tax agreements between multinationals and countries where they settled. In a preliminary report, believes that Amazon may have had a special tax treatment.
The tax agreement between Amazon and Luxembourg appears to be “State aid” to the company. The findings are from a preliminary report of the European regulators, released this Friday, January 16th.
Thus, the amount paid in taxes by Amazon for more than a decade have been far below the allowed. Both the company and the Luxembourg government came already to stress that there was never any treatment or special benefits.
The process is at an early stage, but may result in a European decision oblige Luxembourg to recover a large amount of taxes arrears, explains the international press.
This week, to emphasize its role as an investor in the European Union, Amazon announced the creation of six million jobs in 2014. The European headquarters is established in Luxembourg .
The research of the European Union also extends to other multinational companies such as Apple in Ireland, Starbucks in the Netherlands and even Fiat in Luxembourg. They have established with their countries, agreements that dramatically reduce your tax bill in violation of the competition rules of the European Union.
Luxembourg, in particular, has been intense scrutiny of target after the event LuxLeaks that revealed tax evasion of more than 300 companies in the country.
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