A sign on Amazon.com, Inc.’s BHM1 distribution center is seen before sunrise on March 29, 2021 in Bessemer, Alabama.
Patrick T. Fallon | AFP | Getty Images
LONDON – Amazon on Wednesday won its appeal against the European Commission, which ordered the tech giant to reimburse 250 million euros ($ 303 million) in taxes in Luxembourg.
The EU General Court said the commission, the EU’s executive arm, had failed to prove that an illegal tax advantage had been granted to Amazon by Luxembourg.
It comes after the Brussels-based institution decided in 2017 that Luxembourg had granted undue tax advantages to the American e-commerce giant. The commission and Amazon were not immediately available for comment when contacted by CNBC on Wednesday.
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