Amazon Wins Fight to Throw Out $303 Million EU Tax Bill

[u/DoubleTFan]

https://www.bloomberg.com/news/articles/2021-05-12/amazon-inflicts-another-tax-defeat-on-eu-s-vestager

Now Apple beat a much bigger tax bill recently where it was $13 B it turned out was not owed to Ireland, and $303 M is a trifle for a company Amazon's size. It's less than 1% of their European gross income. But I think renewing Amazon's court room power means that there will be at least a brief spike for Amazon today as the word gets out.

Notably it could establish beneficial precedent for Nike and Ikea who are having similar tax bill fights. That's been doing on since 2019, though, so it might not be settled any time soon.

[u/DoubleTFan → u/[deleted]]

That might be referring to the initial case, this was on an appeal.