Amazon and Apple Issued Rulings from the European Commission

King & Spalding
Contact

The EC concludes that Luxembourg provided illegal tax benefits to Amazon of €250 million and refers Ireland to the European Court for failure to recover illegal tax benefits from Apple of €13 billion -

On 4 October 2017, the European Commission (EC) announced two tax state aid related decisions:

a 2003 Luxembourg Tax Ruling granted to Amazon amounted to unlawful tax state aid since it allowed Amazon to under pay around €250 million of Luxembourg tax; and -

legal proceedings would be instituted against Ireland for its non-compliance with the order of 30 August 2016 to recover over €13 billion of tax from Apple.

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© King & Spalding | Attorney Advertising

Written by:

King & Spalding
Contact
more
less

King & Spalding on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.