BRUSSELS, Oct. 7 (Reuters) – The European authorities dealing with state aid have launched a thorough investigation on the Amazon tax agreements with Luxembourg, arguing that may have been underestimated earnings Site American fornedogli an unfair advantage.
Last month, in a preliminary opinion on a similar case, the Commission said that the tax treatment in Luxembourg Fiat constitutes State aid, explaining that you have doubts about the compatibility of the agreement with the rules of the internal market EU.
In the case of Amazon, the Commission explained that the 2003 tax agreement with Luxembourg for Amazon Eu Sarl – the local subsidiary of Use Site – has allowed the company to pay a royalty to the parent company by reducing taxable income in a move that might not be in line with market conditions.
According to the Commission, Amazon might have an unfair advantage tract allowing the group to pay less tax than other companies.
The Commission’s investigation is the latest against companies that benefit from certain forms of taxation and against a number of agreements with European governments that favor tax breaks of the sort.
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