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European Commission opens investigation into Amazon's dealings with Luxembourg

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EU authorities are taking a hard look at Amazon's tax affairs in Luxembourg, according to Reuters. The European Commission reportedly believes that Luxembourg's 2003 tax ruling might be instrumental in allowing Amazon's local subsidiary Amazon EU Sarl to lower its taxable profit. The in-depth probe is only the latest in the European Commission's attempts to investigate potential tax issues within its realm in relation to big corporations such as Apple, Starbucks, and Fiat.