The European Union is contending that Amazon used Luxembourg as a tax haven and that it had established unfair partnerships with the country in an effort to skirt European taxes on 3 billion euros ($3.5 billion) in royalties. Such moves were seen as unfair by rivals, the FT said. The level of the fine was not reported.
An Amazon spokesperson was not immediately available for comment.
The news follows on the heels of a
The European Union has been chasing down American companies. In June, the EU fined Google 2.4 billion euros for unfairly dominating the search and advertising market. It also fined Apple 13 billion euros plus back taxes after the EU argued that Ireland granted tax benefits to Apple.
Read the full story at the Financial Times.