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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Amazon.com Inc | NASDAQ:AMZN | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.10 | 0.60% | 185.82 | 185.81 | 185.87 | 187.87 | 185.42 | 186.99 | 39,172,159 | 00:59:53 |
By Sam Schechner
Amazon.com Inc. struck a new blow to the European Union's efforts to wring more tax from big tech companies when the bloc's second highest court sided with the company over a $300 million tax bill.
An EU court in Luxembourg on Wednesday annulled a 2017 decision from the European Commission, the EU's top antitrust authority, that had ordered Amazon to pay 250 million euros ($303.8 million) in taxes to Luxembourg -- the latest of several big EU tax decisions to be overturned.
The decision is a victory for Amazon, and a significant blow to Margrethe Vestager, an executive vice president of the European Commission who is leading a campaign to curb alleged excesses by some of the world's largest tech companies including Amazon, Apple Inc. and Alphabet Inc.'s Google.
Write to Sam Schechner at sam.schechner@wsj.com
(END) Dow Jones Newswires
May 12, 2021 05:36 ET (09:36 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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