The General Court of the European Union on Wednesday 12 May annulled the Commission’s decision of October 2017 that the tech giant Amazon had benefited from an advance tax ruling between 2006 and 2014 constituting illegal State aid under EU law and valued at €250 million (Case T-318/18 and T-816/17) (see EUROPE B11876A13).
Basically, the Luxembourg tax ruling in question had endorsed the transfer of a large part of the profits of the operating company Amazon EU, the company...