Mario Tama/Getty Images Amazon's stock seems tobe shrugging off an order to pay a€250 million ($294 million) back tax payment. Shares of Amazon are up 0.58%at $962.80 after the news. The order stems from Amazon's business organization in Europe which funneled most of the company's European profits through a holding company in Luxembourgthat had more favorable tax laws. Amazon's practice is not necessarily illegal in the EU. The company used a practice called "transferpricing" which allows sepa...
Amazon is shrugging off an order to pay $294 million in back taxes to the EU (AMZN)
Business Insider - 4 Oct 2017 18:56
Mario Tama/Getty Images Amazon's stock seems tobe shrugging off an order to pay a€250 million ($294 million) back tax payment. Shares of Amazon are up 0.58%at $962.80 after the news. The order stems from Amazon's business organization in Europe which funneled most of the company's European profits through a holding company in Luxembourgthat had more favorable tax laws. Amazon's practice is not necessarily illegal in the EU. The company used a practice called "transferpricing" which allows sepa...
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