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Report: Amazon's Tax Havens Shielding Hundreds Of Millions

A report published Thursday by Reuters says that has been depriving European governments of "hundreds of millions of dollars", due to sophisticated financial arrangements set up in Luxembourg. stranger to battling governments over tax revenues--apparently has been using tax havens to avoid paying taxes that European countries think it owes, according to Reuters. The report said that the tax havens are linked to the $1.5 billion in back taxes the Internal Revenue Service is seeking from Amazon which was revealed last year in a filing by Amazon.



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