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EU orders Luxembourg to recover €250 million in unpaid taxes from Amazon and takes action against Ireland to recover up to €13 billion from Apple in tax advantages
On 4 October 2017 the European Commission announced its decision that Luxembourg had granted Amazon illegal State aid in the form of anti-competitive tax benefits. Luxembourg must now recover approximately €250 million from Amazon. Also on 4 October the Commission announced its decision to refer Ireland to the European Court of Justice for failing to recover illegal tax benefits of up to €13 billion from Apple.
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Competition & Regulatory Newsletter (4 – 17 Oct 2017)