The European Union court has issued two rulings on tax exemptions for multinational corporations: Specifically, it will rule whether Amazon and the French energy company Engie can claim the taxes.
The European Union court will issue two long-awaited rulings on controversial tax breaks for multinational companies in Luxembourg on May 12. Specifically, the judges must decide whether the country of Luxembourg can be compelled by the European Union Commission to demand around 250 million euros in taxes plus benefits from the largest online retailer in the world, Amazon.
The second case concerns taxes amounting to 120 million euros, which Luxembourg is supposed to claim from the French energy company, ENGIE.
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