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Luxembourg doesn’t want to acquiesce to the European Commission’s demands to collect $295 million in back taxes, according to a Business Insider report published Friday.
The European Union governing body ruled in early October that Luxemborg was illicitly safeguarding Amazon from taxes that are usually exacted on such massive companies. Luxembourg, though, is officially challenging that decision as of Friday, reports BI, which goes off a translation from a statement from the country’s finance ministry.
Appeal - Certainty - Question - Luxembourg - Commitment
“This appeal seeks to obtain legal certainty, and does not put into question Luxembourg’s strong commitment to tax transparency and the fight against harmful tax practices,” reads the statement, according to BI.
Amazon, a perpetually-growing tech conglomerate involved in multiple industries, reportedly has around 1,500 employees in Luxembourg, which is large relative to the small population of the country. In other words, Luxembourg, which usually serves as a tax haven for large corporations, doesn’t want to ruffle Amazon’s feathers.
EU - Countries - Order - Fees
The EU has battled with associated countries before in order to retrieve certain fees.
The European Commission announced in October that it plans on taking Ireland to court because the nation’s government failed to collect roughly 13 billion euros ($15.3 billion USD) from a different U.S. company, Apple.
EU - Competition - Commissioner
EU Competition Commissioner...
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