Europe demands €250m in tax from Amazon, sues Ireland for Apple's €13bn tax bill

The European Union has ordered Amazon to repay €250m ($294m) after it ruled that the retailer was granted illegal state aid by Luxembourg. The tax advantage dates back to 2003, but Amazon says that it is considering making an appeal. At the same time, the European Commission has announced that it is going to sue the Irish government for failing to collect €13bn ($15.3bn) in tax from Apple. The Irish government will need to defend itself in the European Court of Justice for failing to gather money from the iPhone-maker following a 2016 ruling by the commission. EU Competition Commissioner… [Continue Reading]