EU PUSHING TO COLLECT BACK TAXES FROM AMAZON

The European Union is telling member state Luxembourg to get $295 million in back taxes from Amazon in Brussels’ latest regulatory move targeting U.S. tech companies accused of tax avoidance. EU Commissioner Margrethe Vestager also took Ireland to court for failing to collect a massive $15.3 billion in taxes from Apple, arguing that, like in Amazon’s case, the company had profited from a system allowing it to escape most of its taxes the EU felt were due.