EU Takes Action Against Amazon and Ireland Over Taxes (Oct 4, 2017)
It was reported earlier in the week that the EU would soon take action against both Amazon and Ireland (with regard to Apple) over the underpayment of taxes in the trading block, and both actions are now official. In the Amazon case, the company is being asked to pay 250 million euros to get the company up to the level of taxes the EU says it should have paid in Luxembourg over the last few years, while in the case of Ireland, the country is being taken to EU court by the European Commission over the fact that it has not yet collected and placed in escrow the 13 billion euros Apple owes it. I’ve covered both cases in the past, so I won’t add much here, but of course this is all part of the ongoing tension between the EU and the US tech industry on a variety of fronts, something that prompted me to create the first new narrative here on the site in a while and retroactively tag a number of past posts against it – you can see it here.
via Recode
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