Amazon on Wednesday won its fight against an EU order to pay about €250m ($303m) in back taxes to Luxembourg as Europe’s second-highest court dealt a blow to the bloc’s efforts to make multinational corporations pay more tax.
Read the full article on the Reuters website
NAM Implications:
- Hands up anyone surprised that the world’s biggest retailer…
- …is capable of legally optimising its tax position…
- Anywhere…
- Obviously, every government wants a slice of Amazon…
- …but this will require more of a longer-term collaborative strategy (!)…
- …while pigs are learning to fly.
- Think about the probability that the US government will impose a global tax…
- …and leave other countries to fight about their share at local level.
