EU report on Amazon’s Luxembourg tax-minimising coming Friday

Antitrust regulators for the European Union are set to publish a report on Friday highlighting Amazon’s efforts to minimise the tax it pays.

The detailed study will focus on allegations that Luxembourg was in breach of European state aid rules in a deal with the online retail giant, as reported by Reuters.

The deal in particular has allowed Amazon to operate nearly tax-free across the continent, much to the chagrin of pretty much everyone.

The Commission is also looking into other deals, specifically regarding arrangements between Apple and Ireland, as well as Starbucks and the Netherlands.

Luxembourg is widely regarded as a tax haven thanks to its very lax taxation, meaning it’s a hot-bed for companies looking to short their local taxman.

Related: Amazon reveals 5bn items sold in 2015, breaks sales record

Last November, the country faced criticism over leaked documents that revealed how it was helping companies re-route profits for tax-reduction purposes.

This saw questions raised against European Commission President and former prime minister of Luxembourg Jean-Claude Juncker.

Juncker maintains that the country’s taxation arrangements are all above board, but says their needs to be more transparency in regards to tax information across the continent.

Unlike other sites, we thoroughly review everything we recommend, using industry standard tests to evaluate products. We’ll always tell you what we find. We may get a commission if you buy via our price links. Tell us what you think – email the Editor