Name: EU orders Amazon to pay millions in back tax
Uploaded: 2017-10-04T20:00:53+00:00
Duration: 3 min 40 s
Description: The online shopping giant Amazon has been presented with a demand for $295m in back taxes by the EU. EU Commissioner Margrethe Vestager said Amazon had unfairly profited from special low tax rates in Luxembourg, where its European headquarters are based. Amazon says it has always paid what it should…

The online shopping giant Amazon has been presented with a demand for $295m in back taxes by the EU. EU Commissioner Margrethe Vestager said Amazon had unfairly profited from special low tax rates in Luxembourg, where its European headquarters are based. Amazon says it has always paid what it should in full and is now considering an appeal.