EU to hit Amazon with bill for Luxembourg back taxes

The European Union will order Amazon to pay several hundred million euros in back taxes on Oct 4. The EU’s enforcement arm, the European Commission, opened up an investigation three years ago into a partnership between Amazon and Luxembourg that allowed the e-commerce giant to shield some of its assets from taxation. The fine would be the latest action Europe has taken to try to rein in American tech giants. In a similar move in 2016, the EU ordered Apple to pay 13 billion euros in back taxes. The company allegedly benefited improperly from tax laws in Ireland.