The European Commission’s probe into member states’ tax agreements with foreign companies has expanded as reports say Amazon is now under investigation.
Amazon is now facing an in-depth investigation into its tax agreements with Luxembourg, according to an unnamed source. The Commission suspects that Amazon’s 2003 agreement with Luxembourg could possible be anticompetitive and a violation of state aid law, the source said.
The Commission announced it is looking into similar tax agreements made between Apple and Ireland, Starbucks and the Netherlands, and Fiat and Luxembourg. Foreign corporations have been using mergers to relocate their taxes abroad to the EU for cheaper rates, say reports, and authorities are concerned the tactics could be anticompetitive.
The Commission says that such tax avoidance and evasion has cost the EU about $1.3 trillion a year.
Full content: Live Mint
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK Business Secretary Calls for More Agile Competition Regulator
Feb 13, 2025 by
CPI
Germany’s Antitrust Regulator Raises Concerns Over Apple’s App Tracking Policies
Feb 13, 2025 by
CPI
$60 Billion Nissan-Honda Merger Falls Apart
Feb 13, 2025 by
CPI
DOJ Moves to End Protections for Three Regulatory Agencies
Feb 13, 2025 by
CPI
Meta to Allow Rivals to List Ads on Facebook Marketplace Following EU Fine
Feb 13, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Criminal Enforcement
Jan 23, 2025 by
CPI
The Antitrust Division’s Recent Work to Combat International Cartels
Jan 23, 2025 by
Emma Burnham & Benjamin Christenson
Information Sharing: The New Frontier of U.S. Antitrust Enforcement
Jan 23, 2025 by
Brian P. Quinn, Casey Kovarik & Michael Tubach
The Key Role of Guidelines on Exchanges of Information Among Competitors and the Divergent Transatlantic Paths
Jan 23, 2025 by
Rosa Abrantes-Metz & Albert Metz
Leniency, Whistleblowers, and Compliance
Jan 23, 2025 by
Richard Powers, Tara O’Malley & Cory Gordon