Amazon is the latest tech giant caught in an EU tax deal gone bad

Amazon is about to write quite a hefty check. On Wednesday, the European Union ordered Amazon to pay 250 million euros in back taxes — that's $295 million — to Luxembourg, citing an unfair tax deal between the tech giant and the tiny country where its headquarters are located. EU Competition Commissioner Margrethe Vestager said an illegal deal between Amazon and Luxembourg meant nearly three-quarters of Amazon's profits weren't taxed. Amazon is just the latest U.S. tech company to be...