SUBSCRIBERS
EU orders Amazon to pay Luxembourg tax bill
Published Wed, Oct 4, 2017 · 09:50 PM
Brussels
THE EU turned the screw on US tech giants on Wednesday, ordering Amazon to repay Luxembourg 250 million euros (S$400.2 million) in back taxes and referring Ireland to the top EU court for failing to collect billions from Apple.
Europe's competition chief Margrethe Vestager accused tiny Luxembourg of an illegal deal with internet shopping giant Amazon to pay less tax than other businesses.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
Brokers’ take: DBS cuts Venture Corp price target after Q1 earnings miss
Garmin’s Q1 results beat on strong demand for fitness, auto products
Foxconn’s musical chairs sound like punk rock
US sets up board to advise on safe, secure use of AI
Regulate AI? How US, EU and China are going about It
Meta’s results are best viewed through rose-tinted AI glasses