Home / Economy / Washington Post Fails To Cover Amazon Nearly $300 Million Dollar Fine For Tax Dodging

Washington Post Fails To Cover Amazon Nearly $300 Million Dollar Fine For Tax Dodging

By Aaron Kesel

The Washington Post owned by the same man who owns Amazon, Jeff Bezos unsuccessful to cover the new scarcely $300 million dollars excellent against the corporate sell hulk blacking out the story that its boss’s other classification reaped illegal taxation advantages for 8 prolonged years.

Amazon was systematic by the European Commission to compensate the excellent after it was found to have perceived illegal taxation benefits.

The elect settled that Amazon perceived the illegal advantages between 2006 and 2014 in the country but any “valid justification.”

“Luxembourg gave illegal taxation advantages to Amazon. As a result, almost three-quarters of Amazon’s increase were not taxed,” Margrethe Vestager, the EU’s commissioner for competition, pronounced in a statement.

1

“In other words, Amazon was allowed to compensate 4 times reduction taxation than other internal companies theme to the same inhabitant taxation rules. This is illegal under EU state support rules. Member states can't give resourceful taxation advantages to multinational groups that are not accessible to others,” she added.

“$300 million excellent against AMAZON for taxation evasion in EU…nothing on Washington Post front page?” Matt Drudge tweeted Wednesday, adding a derisive criticism of WAPO’s catchphrase “Democracy dies in darkness.”

“Democracy dies…with monopolistic Bezos!!,” Drudge tweeted.

Amazon pronounced in response to the commission’s decision that it believes it did not accept any special diagnosis from Luxembourg, that it paid taxation in “full suitability with both Luxembourg and general taxation law” and was deliberation an appeal:

“We will study the Commission’s statute and consider the authorised options, including an appeal. Our 50,000 employees opposite Europe sojourn heads-down focused on portion the business and the hundreds of thousands of tiny businesses who work with us,” the online retailing hulk pronounced in a matter to Bloomberg.

U.S. President Donald Trump has formerly accused Bezos of taxation dodging in several tweets and while on Fox during his run for the presidency last year.

“He thinks I’ll go after him for antitrust,” Trump told Fox News’ Sean Hannity last year. “Because he’s got a outrageous antitrust problem since he’s determining so much, Amazon is determining so much of what they are doing.”

“He’s using the Washington Post, which is peanuts, he’s using that for domestic functions to save Amazon in terms of taxes and in terms of antitrust,” he added.

Trump’s explain that Amazon pays no “internet taxes,” is partially loyal and is therefore “fake news.”

While it’s loyal that the online tradesman built its huge market share around taxation avoidance, Amazon began collecting sales taxation national on Apr 1st earlier this year.

The Luxembourg supervision settled it “considers that the company has not been postulated exclusive State aid.”

The statute is serve denote that the EU is finally going after big companies for taxation dodging.

Last year, Apple was systematic to pay $14.5 billion in back taxes, just like Amazon.

The EU management serve announced that it was suing Ireland for unwell to redeem any income from that excellent from Apple Inc.

“Ireland has to redeem up to 13 billion euros in illegal State support from Apple. However, some-more than one year after the Commission adopted this decision, Ireland has still not recovered the money, also not in part,” pronounced Vestager in a statement.

She added: “We of march know that liberation in certain cases may be some-more formidable than in others, and we are always prepared to assist. But Member States need to make sufficient swell to revive competition. That is because we have currently motionless to impute Ireland to the EU Court for unwell to exercise the decision.”

While Google was systematic to compensate $2.7 billion dollars by Vestager progressing this year in an antitrust lawsuit for compelling its own selling service over rivals.

Aaron Kesel writes for Activist Post and is Director of Content for Coinivore. Follow Aaron at Twitter and Steemit.

This essay is Creative Commons and can be republished in full with attribution. Like Activist Post on Facebook, allow on YouTube, follow on Twitter and at Steemit.

Image Credit

Check Also

How Interlinked Corporations Rule the World

October 17, 2017 By Chris Kanthan Globalism is just like the mafia, but with lot …

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>