A European Union court has annulled a ruling by the European Commission that a tax deal between Amazon and Luxembourg’s government amounted to illegal state support. The European Commission ordered the US online retailer in 2017 to pay around 250 million euros (£214 million) in back taxes to Luxembourg. Both Luxembourg and Amazon challenged the decision with the EU’s General Court. Wednesday’s ruling can be appealed against at the 27-nation bloc’s highest court, the European Court of Justice. The Luxembourg government welcomed the Amazon decision and said in a statement that neither ruling calls into question the country’s “commitment to transparency in tax matters and the fight against tax avoidance practices”.

Source: Irish Independent May 12, 2021 11:26 UTC