Documents released during the internet giant’s court battle with the US Internal Revenue Service over a possible $1.5bn in unpaid taxes detail a complex restructuring and a deal with Luxembourg that delivered Amazon multimillion-dollar savings Amazon is facing a landmark court ruling in the US that could prise open its obscure tax structure in Luxembourg,after a high-stakes legal battle that has shed unprecedented light on the technology giant’s labyrinthine tax affairs.
The case, which is quietly coming to a head as Amazon’s Luxembourg arrangements face intense scrutiny from European authorities, and has revealed novel details of an elaborate avoidance scheme it devised and codenamed Project Goldcrest.
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Source: theguardian.com