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:

Uber Trouble

REUTERS SHOWCASE

Lakhvi's Bail

Lakhvi's Bail

Pakistan court bails man accused of masterminding Mumbai attack.  Full Article 

PM's Moves

PM's Moves

Modi moves in to speed up $300 billion stuck projects.  Full Article 

Coal Unions

Coal Unions

Coal India workers threaten five-day strike, stokes output worries.  Full Article 

Space Programme

Space Programme

ISRO tests its heaviest space launch vehicle, eyes global market.  Full Article 

Peshawar attack

Peshawar Attack

Some Pakistan militants denounce school attack, amid national outrage.  Full Article 

Uber Again

Uber Again

Uber driver in Boston charged with kidnapping and rape.  Full Article 

Discounts

Discounts

Dealers offer gold discount for first time in five months.  Full Article 

"PK" in Cinemas

"PK" in Cinemas

Secret of year's "biggest" Bollywood film is its plot.  Full Article 

Reuters India Mobile

Reuters India Mobile

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