|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||14.74 - 14.96|
|52 Week Range||9.73 - 16.81|
|Beta (5Y Monthly)||1.22|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.64 (4.25%)|
|Ex-Dividend Date||May 24, 2021|
|1y Target Est||N/A|
Amazon won its fight against an EU order to pay about 250 million euros ($303 million) in back taxes to Luxembourg in a blow to competition chief Margrethe Vestager's crusade against preferential deals. The setback renewed calls from EU lawmakers for a global corporate tax deal and legal analysts said Vestager was unlikely to give up her pursuit of large companies over the amount of tax they pay. The bloc failed to show that Luxembourg had given the U.S. online retailer special treatment in violation of state aid rules, the EU's General Court ruled on Wednesday.
Europe's second-highest court on Thursday upheld an EU order to French utility Engie to pay back taxes of 120 million euros ($145.7 million) to Luxembourg, part of an EU crackdown on tax deals which give some firms an unfair advantage. "It cannot be disputed that the Engie group received preferential tax treatment owing to the non-application, in the contested tax rulings, of the provision relating to abuse of law," the Luxembourg-based General Court said. The European Commission in its 2018 decision said the arrangement with Luxembourg authorities artificially reduced Engie's tax burden which meant it paid an effective corporate tax rate of 0.3 percent on certain profits in Luxembourg for about a decade.
EU judges have overturned a European Commission order to Amazon to pay back €250m in taxes to Luxembourg, in a further blow to Brussels’ efforts to curb sweetheart national tax deals. The ruling follows a heavy defeat for the commission last year when judges quashed its landmark state aid finding that Apple owed Ireland €14.3bn in taxes and interest. The EU executive on Wednesday won a separate ruling over its decision to force Engie, the French utility company, to pay €120m in back taxes.