The European Union has fined Amazon for 250 million euros for tax evasion
The European Commission obliged the world’s largest Internet retailer Amazon to pay a fine of 250 million euros for tax evasion. About it writes BBC. EU Commissioner Margrethe Vestager says that Luxembourg provided the company with tax benefits, thanks to what Amazon paid four times less tax than local businesses. According to estimates of the European Commission, nearly 75% of the company’s revenues in Luxembourg are not taxed. See also: Shopping of the future. Amazon opens a store without a […]
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