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Amazon set to receive large EU tax fine
By EUobserver
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.