Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Australian Household Spending Dips in December as RBA Tightens Policy 
SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Taiwan Says Moving 40% of Semiconductor Production to the U.S. Is Impossible 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Amazon was declared the winner in a tax legal battle where the EU ordered it to pay Luxembourg the amount of €250 million or around $303 million in back taxes. The win for the American retail giant is said to be a big blow to European Commissioner Margrethe Vestager's campaign against preferential deals.
Why Amazon was favored in the court
As per Reuters, the hitch, which is Amazon’s win in the tax case, triggered renewed calls from EU lawmakers for a global corporate tax deal. Despite losing, analysts said that Vestager is not likely to give up on her crusade regarding the amount of tax that big companies should pay.
In any case, based on the EU’s court ruling, Amazon won in the legal dispute after the group of legislators was not able to show that Luxembourg gave Jeff Bezos’ company a special treatment that violates state aid rules.
"The Commission did not prove to the requisite legal standard that there was an undue reduction of the tax burden of a European subsidiary of the Amazon group," the EU judges stated in the ruling.
This legal dispute stemmed from the order that Amazon received in 2017. The European Commission ordered the American e-commerce and tech firm to pay €250 million to Luxembourg for back taxes.
Second loss for EU tax crusaders
It was mentioned that this is the second defeat for Vestager as it also lost in the court tussle against Apple last year. At that time, the American tech company contested an EU order for it to pay €13 billion or $15 billion in Irish back taxes.
Similar to Amazon’s case, the EU’s court ruled that the commission failed to prove that the Irish government had granted a tax advantage to Apple. The European Commission has since filed an appeal against the ruling in the iPhone maker tax dispute.
Apple and Amazon were said to be targeted by Vestager in the EU's campaign to put an end to tax agreement practices being used by EU states to attract major companies. The group said that such types of deals are not fair.
Meanwhile, Amazon said in a statement that it welcomed the judges’ decision. The company added that it has always been Amazon’s stance to follow all applicable laws and reiterated that it has not received any preferential or special treatment in its dealings.
