Volkswagen CEO Urges Germany to Adopt China's Industrial Discipline Amid Major Restructuring 
FCC Approves $3.54B Nexstar-Tegna Merger, Waiving Broadcast Ownership Cap 
Elon Musk Confirms SpaceX, xAI, and Tesla Will Continue Large-Scale Nvidia Chip Orders 
Amazon's "Transformer" Phone: Can It Succeed Where Fire Phone Failed? 
Xiaomi Shares Drop After SU7 Launch as Margin Concerns Weigh on Investors 
Judge Dismisses Sam Altman Sexual Abuse Lawsuit, But Sister Can Refile 
HSBC Considers Cutting 20,000 Jobs Amid AI-Driven Transformation 
Tesla Eyes $2.9 Billion in Chinese Solar Equipment to Power 100 GW U.S. Manufacturing Push 
DOJ Antitrust Chief Rejects Political Fast-Track for Paramount-Skydance Deal 
FEMSA Cuts Jobs at Spin Fintech Unit, Refocuses Strategy on Oxxo Stores 
Super Micro Computer Shares Plunge After Co-Founder Charged in AI Chip Smuggling Case 
Apple Defies China's Smartphone Slump with Strong Early 2026 Sales 
Elliott Investment Management Takes Activist Stake in Align Technology 
Cyberattack on Stryker Triggers U.S. Government Warning Over Microsoft Intune Security 
Jeff Bezos Eyes $100 Billion Fund to Transform Manufacturing With AI 
Goldman Sachs Delays Bank of England Rate Cut Forecast Amid Middle East Inflation Risks 
Palantir's Maven AI Earns Pentagon "Program of Record" Status, Reshaping Military AI Strategy 
Amazon Inc. claimed its win in a fight against the European Commission that accused it of benefiting from illegal tax breaks. The top court in Europe sided with the American e-commerce giant by dismissing the appeal of the EU and effectively upholding the previous ruling that favored the company.
In declaring its decision, the European Court of Justice (ECJ) explained that the EU's executive unit had not established that a tax agreement between Amazon and Luxembourg was a state aid that was not compatible with the internal market, as per CNBC.
Blow to EU’s Margrethe Vestager
The Court of Justice's latest resolution in Amazon's $270 million or €250 tax bill is said to be a binding ruling. It was handed down on Thursday, Dec. 14, and officially discarded the European Commission's appeal.
In any case, business observers opined that the outcome is another burning defeat for Margrethe Vestager, the EU Competition's commissioner who led the campaign against special tax treatment being granted to major firms by member states. She has been involved in this effort for years and slapped Apple Inc. with a record €13 billion penalty, a case still awaiting a final decision at the top court.
Reactions to ECJ's Ruling
Reuters reported that the EU top court's decision is final. This means Amazon no longer has to shell out $273 million to pay taxes to Luxembourg. The spokesperson of the company issued a statement shortly after its court win.
"We welcome the Court's ruling, which confirms that Amazon followed all applicable laws and received no special treatment," he said. "We look forward to continuing to focus on delivering for our customers across Europe."
On the other hand, some individuals are against the case's outcome. An Oxfam EU tax expert, Chiara Putaturo, slammed the decision by saying, "Amazon got an early Christmas present this year, as the company dodged its decade-old tax bill to Luxembourg and can continue to do so."
She added, "This is why the EU must come forward with real tax reforms. It can start by not looking the other way when it comes to tax havens within its borders allowing companies to sidestep their tax bills through empty offices."
Photo by: Yender Gonzalez/Unsplash
