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Brussels readying a crackdown on tech company taxation

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Brussels readying a crackdown on tech company taxation

The Commission is expected to hand down a bill worth several hundred million euros to Amazon, saying it benefited from illegal state support from Luxembourg, where its European operations are based, the Financial Times reported.

The Commission is also considering taking legal action against Ireland for not following the recovery order issued last year by Margrethe Vestager, EU competition commissioner, which concluded that Apple had enjoyed of illegal state aid in Ireland, obliging the country to collect more than €13bn in back taxes from Apple.

Vestager is now considering taking the case to the Court of Justice of the European Union, to ask it to order Ireland to collect the money, according to the Financial Times.

In addition to these high-profile cases, Brussels is also expected to present today its plan for an overhaul of the EU’s VAT system, which would have tech giants pay more tax to national government, Politico reports.

Author

Teemu Henriksson's picture

Teemu Henriksson

Date

2017-10-04 11:56

Author information

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