Amazon wins $270 million tax fight with the EU

Amazon wins 0 million tax fight with the EU


Products are noticed on a conveyor belt at an Amazon fulfillment heart exactly where they are staying sorted and shipped out as very same working day orders through Cyber Monday at the Exact-Day Delivery Facility Fulfillment Centre on November 27, 2023 in Tampa, Florida. 

Octavio Jones | Getty Images Information | Getty Photographs

Europe’s major courtroom on Thursday sided with Amazon in a case in which the U.S. e-commerce big was accused by the European Fee of illegal tax gains.

The European Courtroom of Justice (ECJ) reported that the Commission, the EU’s govt arm, had “not proven” that a tax settlement among Amazon and Luxembourg was “a condition assist that was incompatible with the internal industry.”

“We welcome the Court’s ruling, which confirms that Amazon adopted all relevant rules and received no exclusive remedy,” Amazon claimed in a statement on Thursday.



Supply

SiIicon Valley’s AI agent hiccups: Wasted tokens and ‘chaotic’ systems
Technology

SiIicon Valley’s AI agent hiccups: Wasted tokens and ‘chaotic’ systems

San Jose CA, commercial hub of silicon valley and its network of freeways. Steve Proehl | The Image Bank | Getty Images Despite the C-suite’s enthusiasm over artificial intelligence agents that can plow through office tasks like never-sleeping interns, the underlying technology is still rickety and a potential cost-sucker. That much was clear this week […]

Read More
Nvidia’s once-tight bond with gamers is cracking over AI, ‘and that breaks my heart’
Technology

Nvidia’s once-tight bond with gamers is cracking over AI, ‘and that breaks my heart’

For its first 30 years, Nvidia wasn’t a household name unless you were a gamer. Now, some of its original fan base feel left behind as artificial intelligence has made the chipmaker the world’s most valuable company.  “The gaming segment is no longer the driving force of the company. There was one point when it […]

Read More
OpenAI loses multiple executives in latest leadership shakeup
Technology

OpenAI loses multiple executives in latest leadership shakeup

Kevin Weil, chief product officer of OpenAI, speaks during the Hill & Valley forum at the US Capitol in Washington, DC, US, on Wednesday, April 30, 2025. Al Drago | Bloomberg | Getty Images Three OpenAI executives announced their departures from the company on Friday, the latest in a series of leadership shakeups at the […]

Read More