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Amazon, EU opens investigation into Luxembourg tax treatment

Commissioner Joaquin Almunia: "It is right that the subsidiaries of multinationals pay their share of taxes and do not benefit from preferential treatment which would amount to disguised subsidies". The commission intensifies the action already started on the treatment for Fiat. The other investigations in Ireland for Apple and Holland on Starbucks

Also Amazon ends up in the crosshairs of European Commission for tax treatment in Luxembourg, as happened in recent weeks already vis-à-vis Luxembourg for the tax treatment of Fiat Finance and Trade, Holland for Starbucks and Ireland for Apple.

The hypothesis was leaked from the pages of the Financial Times and the confirmation of the EU arrived during the day through the words of Commissioner Joaquin Almunia: "It is right that the branches of multinationals pay their share of taxes and do not benefit - said the EU competition commissioner - from preferential treatment which would be equivalent to disguised subsidies".

An investigation is therefore open, and even if the case compared to the others is different, the object of the dispute is almost the same: the EU intends to discourage the practices with which multinationals seek favorable tax havens to evade the old continent's tax.

Although the risk is that of reducing its presence on European markets, the EU has long ago made it clear that it can no longer tolerate Holland, Luxembourg or Ireland are used as a black hole for payments to the coffers of the member countries, therefore it will try to counter the phenomenon not only by establishing a new tax regime, but also by recovering what was lost in past years.

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