BRUSSELS: European Union anti-trust regulators are to challenge Luxembourg over its tax deals with Internet shopping giant Amazon Inc that is believed to amount to illegal state aid, a report said yesterday.
According to the Financial Times, the Competition Commission is preparing to launch an in-depth probe of Luxembourg’s tax dealings with Amazon.
The in-depth probes follow initial investigations and will take an even closer look into so-called “tax rulings”, special arrangements made with tax authorities before a company chooses to domicile activities in a given country.
Meanwhile, Washington Post owner Jeff Bezos plans to tie the newspaper to his Amazon empire with a built-in Kindle tablet news app to reach a wider audience, a report said on Monday. AFP