Luxembourg will ask online retailer Amazon to set aside the 250 million euros ($293 million) the European Commission has ordered the company to repay in taxes while the parties consider whether or not to appeal.
Privately-held French supermarket operator Leclerc has been approached by U.S. technology group Amazon over possible logistics partnerships, as speculation intensifies over Amazon’s intentions in the supermarket sector.
Amazon was told on Wednesday to pay about 250 million euros (221.44 million pounds) in back taxes to Luxembourg, the latest U.S. tech company to be caught up in a European Union crackdown on unfair tax deals.
The EU's efforts to regulate chemicals which can potentially disrupt the body's hormones suffered a setback on Wednesday when MEPs blocked a key proposal. The chemicals can be found in many products including cosmetics.
Fashion is one of Amazon's fastest growing categories. To create a more interactive consumer experience, the company is opening its fourth global fashion studio location to shoot product stills and produce fashion films.
The European Union ordered the world's largest online retailer Amazon on Wednesday to pay back about 250 million euros (221.44 million pounds) in taxes to Luxembourg, saying it had had an unfair tax advantage from 2003.