Luxembourg doesn't want to claim €250 million from Amazon in back taxes

Business Insider | 12/15/2017 | Sam Shead
Les7799 (Posted by) Level 3
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Luxembourg doesn't want to claim back €250 million ($295 million; £221 million) from Amazon in back taxes.

The European Commission ruled on October 4 that the small EU nation, which charges less corporation tax than most other European countries, had given illegal state aid to Amazon.

Luxembourg - Decision - Friday - EU - Regulator

But Luxembourg challenged the decision on Friday, saying it disagreed with the EU regulator's findings.

"Luxembourg believes that the Commission has not established the existence of a selective advantage," Luxembourg's finance ministry said in a statement on its website. "Furthermore, Luxembourg does not share the Commission's analysis with regard to transfer pricing."

Amazon - Staff - Luxembourg - Reuters - Employers

Amazon has around 1,500 staff in Luxembourg, according to Reuters. That makes it one of the biggest employers in the country, which is home to just 500,000 people.

Luxembourg also appealed against a 2015 ruling that ordered it to recover up to €30 million (£35 million; £26 million) back taxes from Fiat.

Luxembourg - Country

Luxembourg isn't the first country to...
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