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EC Hits Amazon With Multimillion Dollar Fine

The European Commission is hitting Amazon with a multimillion-dollar fine related to unpaid back taxes, The Financial Times reports. “Launched almost three years ago, the commission’s investigation alleged that the US online retailer benefited from a sweetheart tax deal that granted it almost a decade of illegal state support from Luxembourg, the hub for its European operations,” FT reports.

Read the whole story at The Financial Times »

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