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EC orders Amazon to pay EUR 250 mln in back taxes
2017-10-04 12:54:00| Telecompaper Headlines
(Telecompaper) The European Commission has ordered Amazon to pay back EUR 250 million in unpaid takes after ruling that it benefited from illegal state aid from Luxembourg. The decision, which confirms recent reports, follows a three-year probe into tax arrangements between the US online retailer and Luxembourg, with the European Commission having already ruled that the 2003 sweetheart deal "constituted state aid". In a statement, EU competition commissioner Margrethe Vestager said Luxembourg's "illegal tax advantages to Amazon" had allowed almost three-quarters of the company's profits to go untaxed, meaning it paid four times less tax than rival local companies.
Amazon ordered to pay 250m in back taxes
2017-10-04 11:56:39| BBC News | Business | UK Edition
The online retailer has been accused by the EU of benefiting from an unfair tax advantage in Luxembourg.
Europe 'to bill Amazon for Luxembourg back taxes'
2017-10-04 01:40:17| BBC News | Business | UK Edition
Brussels is poised to seek hundreds of millions of euros from the US retailer, say reports.
B&G Foods completes Back to Nature Foods acquisition
2017-10-04 01:00:00| Food Processing Technology
US-based frozen food manufacturer B&G Foods has completed the acquisition of Back to Nature Foods for $162.5m in cash.
Tags: back
nature
acquisition
foods
Getting Consumers Back into Bricks and Mortar
2017-10-02 18:28:00| Happi Breaking News
Tags: back
consumers
bricks
mortar
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