The European Commission has closed its investigation into Amazon's tax practices in Luxembourg, concluding that the company received no illegal tax benefits. This ends a nearly decade-long saga that began in 2017 when the Commission initially ruled Luxembourg had granted Amazon €250 million in illegal tax advantages. This decision was later overturned by EU courts.
The Commission's decision to close the case aligns with guidance from EU Courts, confirming that Amazon has no outstanding tax liabilities. This contrasts with the $15 billion Apple state aid case. For more information on related topics, see FTC Investigates Microsoft's Bundling Practices.
This closure provides Amazon with much-needed clarity regarding its EU tax affairs. To stay informed about international tech regulations, check out Australia Bans Social Media for Under-16s and India's Tech IPO Boom: A Global Outlier.