Amazon's Luxembourg taxes under scrutiny - FT

Fri Jul 4, 2014 6:06am IST

A zoomed illustration image of a man looking at a computer monitor showing the logo of Amazon is seen in Vienna November 26, 2012. REUTERS/Leonhard Foeger/Files

A zoomed illustration image of a man looking at a computer monitor showing the logo of Amazon is seen in Vienna November 26, 2012.

Credit: Reuters/Leonhard Foeger/Files

Related Topics

Stocks

   

(Reuters) - European officials have asked Luxembourg to hand over documents relating to U.S. online retailer Amazon's (AMZN.O) tax affairs in the country, the Financial Times reported on Thursday, citing official sources.

The EU's competition commission has requested information from the Grand Duchy, where the online retailer's main European operating company is based, to check whether its decisions on corporate tax complied with state aid rules, the FT said, citing two people familiar with the matter. (on.ft.com/1pM0Yjc)

"We are looking into what kind of arrangement Luxembourg has with Amazon," the British newspaper quoted an EU official as saying.

The FT, citing another EU official, said that Brussels was carrying out fact-finding missions in a number of EU countries to crack down on "sweetheart" tax deal with large companies.

A spokesman for the European Commission declined to comment on the report, while Amazon could not immediately be reached for comment.

Britain, France and Germany have called for stricter rules to stop companies such as Google (GOOGL.O), Apple (AAPL.O) and Amazon aggressively avoiding taxes in austerity-bitten Europe.

(Reporting by Karen Rebelo in Bangalore; Editing by Dan Grebler)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Smartphone Wars

Reuters Showcase

Cloud Solutions

Cloud Solutions

Tencent teams up with IBM to offer business software over the cloud.  Full Article 

Cook Comes Out

Cook Comes Out

Apple's Cook: "I'm proud to be gay".  Full Article | Related Story 

 Rubin Quits

Rubin Quits

Android co-founder Andy Rubin to leave Google.  Full Article 

Glowing Flower

Glowing Flower

Video: Genetically altered glowing flower on display in Tokyo.  Video 

Web Fast Lanes

Web Fast Lanes

Comcast, AT&T seek to reassure on no plans for Internet 'fast lanes'.  Full Article 

Tech Reshuffle

Tech Reshuffle

Twitter product chief sidelined as user engagement slides.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage