The European Commission has ordered Luxembourg to recoup €250 million ($294 million) from Amazon.com Inc. in back taxes, saying the U.S. e-commerce giant has received illegal state aid. The EU's antitrust body said Wednesday Luxembourg had granted Amazon "undue tax benefits" that allowed the company to pay substantially less tax than other businesses. "As a result, almost three quarters of Amazon's profits were not taxed," said Margrethe Vestager, the EU's competition commissioner. "This is...

Comment

Become a member to take advantage of more features, like commenting and voting.

Jobs to Watch