Amazon has avoided a $1.5bn (£1.2bn) tax bill in the US after a court ruled that it was legal for online retailer to have paid tax on its European sales through a Luxembourg sub-company.
The lengthy court battle between Amazon and the Internal Revenue Service (IRS) came to a conclusion after Judge Albert Lauber ruled in favour of Amazon.
In his ruling Lauber said it was legal for Amazon to have funnelled its European sales through a low-tax Luxembourg sub-company in 2005 and 2006, rather than pay the tax in the US.
Had Amazon lost the case it would have been Read full story ›
Source: The Drum
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