Skip to content
Subscriber Only

Amazon Luxembourg Deal Under Fire as EU Expands Tax Probe

Updated on

Amazon.com Inc. faces an in-depth European Union probe into a 2003 fiscal deal with Luxembourg over suspicions the world’s second biggest online retailer unfairly shifted profits to lower its taxes.

Most European profits of Amazon are recorded in Luxembourg but are not taxed there as a result of a ruling, which is still in force today and applies to a subsidiary in the country, the EU said in a statement.