Amazon under investigation by the European Commission

ConstantinosEU, International Tax0 Comments

The European Commission has opened an in-depth investigation to examine whether a tax ruling given by the Luxembourg’s tax authorities with regard to the corporate income tax to be paid by Amazon in Luxembourg complies with the EU rules on state aid. The said tax ruling dates back to 2003 and is still in force. It applies to Amazon’s subsidiary Amazon … Read More

EU investigates Ireland and Netherlands over tax rulings given

ConstantinosEU, International Tax0 Comments

According to Bloomberg, the European Union may open a formal investigation as soon as next week into tax rulings given by Ireland and the Netherlands to international companies. If the investigation determines that indeed some of the rulings given constitute State Aid, companies are in danger of being forced into repaying back the benefit obtained! What Bloomberg reports: The European Commission is scheduled to discuss … Read More