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

CNBC Daily Open: U.S. stocks retreat from highs as Broadcom leads tech sell-off
Technology

CNBC Daily Open: U.S. stocks retreat from highs as Broadcom leads tech sell-off

Signage at the Broadcom Inc. headquarters in San Jose, California, U.S., on Monday, June 2, 2025. David Paul Morris | Bloomberg | Getty Images The sell-off in artificial intelligence stocks continued unabated Friday stateside. Broadcom shares tumbled more than 11% as investors grew concerned over lower margins and uncertain deals. Names such as Nvidia, Advanced […]

Read More
CNBC Daily Open: Investors sell off tech despite steady Broadcom numbers
Technology

CNBC Daily Open: Investors sell off tech despite steady Broadcom numbers

Signage at the Broadcom Inc. headquarters in San Jose, California, U.S., on Monday, June 2, 2025. David Paul Morris | Bloomberg | Getty Images The sell-off in artificial intelligence stocks continued unabated Friday stateside. Broadcom shares tumbled more than 11% as investors grew concerned over lower margins and uncertain deals. Names such as Nvidia, Advanced […]

Read More
Dan Ives loves these 4 European tech companies. Analysts expect those stocks to rise
Technology

Dan Ives loves these 4 European tech companies. Analysts expect those stocks to rise

Key Points Dan Ives shared four European tech companies he’s bullish on, despite investors’ “frustration” at the region’s tech sector. He picks German software giant SAP, chip equipment supplier ASML, music streaming platform Spotify, and buy now pay later company Klarna. “It’s a gut check moment for European tech,” Ives said. Dan Ives said that, […]

Read More