Friday

29th Mar 2024

Ticker

Amazon set to receive large EU tax fine

The European Commission is set on Wednesday to demand several hundred million euros from tech giant Amazon, reports the Financial Times. The paper says the fine is being levied following a Luxembourg-based tax avoidance scheme. The Commission has launched similar probes against Apple in Ireland, Starbucks in the Netherlands, and Amazon and Fiat in Luxembourg. It has also asked Belgium to claw back Belgium tax from about 35 companies.

Read and decide

Join EUobserver today

Get the EU news that really matters

Instant access to all articles — and 20 years of archives. 14-day free trial.

... or subscribe as a group

Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

Join EUobserver

EU news that matters

Join us