BERLIN - For years, the European Union has been trying to make digital companies pay more taxes on their revenues - but mostly in vain. The latest defeat was a ruling of the EU General Court last week that overturned the European Commission's finding that Luxembourg granted €250 million (S$401 million) in illegal tax benefits to Amazon.
The American e-commerce company now walks away reassured that the EU has no legal mechanism to take action against big multinational digital companies. Critics, however, are furious.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
