Seattle’s Amazon wins $303mln court docket battle in blow to EU competitors chief Vestager

On Wednesday, the European Union Court ruled in favor of the US-based online retail giant Amazon.com Inc. against an antitrust order by the European Union to impose a lump sum of $ 303 million in back taxes on Luxembourg on the charge, the world’s leading Online retailers in Luxembourg received special treatment that could violate the tax rules of the state, this was the trigger for another fatal blow against the crusade of EU competition leader Margrethe Vestager against large technology companies in relation to the amount they had paid out Taxes.

More importantly, while the EU court’s recent ruling called for a major overhaul of EU lawmakers for a global corporate tax treaty, an army of lawyers that Vestager brought against Amazon.com Inc. botched to prove that Luxembourg had provided Seattle to retailers with any preferential treatment that might violate the state’s tax laws.

Added to this is the recent setback by the EU Antitrust Commission to catch US technology companies unprepared in tax matters, which often register in countries with a low lax euro zone such as Ireland in order to evade a large part of their taxes, follows a groundbreaking defeat for EU Competition Chief Vestager v Apple Inc.

on Irish taxes last year, while ordering the largest taxpayer in the United States to pay a heavy € 13 billion surcharge.

Amazon wins final crusade on back tax payments in the eurozone

To be honest, a number of US mega-cap tech conglomerates have become lucrative targets for Vestager since taking over the office of the EU Competition Commission, as several euro zone countries like the Netherlands, Luxembourg and Ireland are close to zero offered. Tax treaty to attract large multinational conglomerates that the EU Antitrust Commission had viewed as largely unfair.

Nevertheless, the EU judges based in Luxembourg announced a major setback for the EU antitrust commission against another US technology mogul: “The Commission has not demonstrated to the required legal standard that the tax burden of a European subsidiary of the Amazon group was inappropriately reduced.

” Amazon.com Inc. welcomed the ruling and said following the ruling by the court: “It was consistent with “our longstanding position that we obeyed all applicable laws and that Amazon received no special treatment. ”