EU hammers Amazon, Apple over taxes

View of the reception of Amazon Europe Holding Technologies in Luxembourg in this picture taken on November 20, 2012. REUTERS/Francois Lenoir/File Photo

BRUSSELS: The EU turned the screw on US tech giants Wednesday, ordering Amazon to repay Luxembourg €250mil (RM1.24bil) in back taxes and taking Ireland to court for failing to collect billions from Apple. 

Europe’s competition chief Margrethe Vestager accused tiny Luxembourg of an illegal deal with Internet shopping giant Amazon to pay less tax than other businesses.