Amazon beats Vestarger. Yet another fool for the commissioner
Amazon just scored a major win in the second highest European court which mirrors Apple's recent victory in Europe.
The American tech giant on Wednesday saw a € 250 million ($ 300 million) tax bill assessed by the European Commission's antitrust regulator in 2017 canceled in a U Tribunal ruling concerning taxes the Opinion wanted paid in. Luxembourg.
In the decision, the court argued that EU regulators had failed to prove that Amazon had received an illegal advantage from certain decisions made by the Luxembourg government. Amazon said it welcomed the court's decision, "which is in line with our longstanding position that we have followed all applicable laws and that Amazon has not received any special treatment."
Like Apple's decision before it, the ruling is a blow to Europe's antitrust chief Margrethe Vestager, the commissioner has spearheaded the continent's efforts to attack U.S. tech giants for antitrust and tax reasons, as the dominance of American technology companies in the European economy has long been a source of economic embarrassment for Europeans, but its work has been systematically insufficient and inadequate.
The court decision came as a surprise and analysts look at Vestager's appeals against Google on three cases, which will soon be discussed.
According to WSJ, both Amazon's and Apple's tax lawsuits are based on an aspect of EU law aimed at creating a "level playing field" by prohibiting governments from providing tax incentives that could be construed as government benefits or subsidies. Governments across the bloc have used tax incentives to attract American tech companies, which are seen as a valuable benefit for economic development and a good return, especially at the expense of other countries.
The antitrust policy of Vestager and the Commission has so far proved absolutely disastrous and, frankly, we wonder, why it is still in its position, if not to collect fool after fool. Not only have his antitrust and tax policies turned out to be losers, but we will never forget the enormous damage caused to the Italian credit system by his decision on Tercas, which was then sensationally overturned in court. His office continues to collect only failures and decisions without a legal basis, yet they are all there, immovable, always confirmed. Because the caste, the real one, is in Brussels.
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The Amazon article beats Vestarger. Yet another fool for the commissioner comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/amazon-batte-vestarger-ennesima-figurazza-per-la-commissario/ on Fri, 14 May 2021 13:55:38 +0000.