On Wednesday 4 October, the European Commission ordered Amazon to pay back €250 million plus interest to Luxembourg , having benefited from a tax arrangement similar to state aid unlawful under EU law.
The Commission's decision follows the launch of an in-depth investigation on 7 October 2014 (see EUROPE 11171), concerning an advance tax decision made by Luxembourg in 2003 and renewed in 2011, allowing the American company to reduce the level of its taxes between 2006 and 2014.
At the...