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FILE PHOTO: The Amazon.com logo and stock price information is seen on screens at the Nasdaq Market Site in New York City, New York, U.S., September 4, 2018. REUTERS/Mike Segar/File Photo

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Aug 2019

Amazon.com defeats IRS appeal in U.S. tax dispute

Amazon.com Inc (O:AMZN) on Friday defeated an appeal by the U.S. Internal Revenue Service in what the online retailer has called a $1.5 billion (£1.2 billion) dispute over its tax treatment of transactions with a Luxembourg subsidiary. In a 3-0 decision, the 9th U.S. Circuit Court of Appeals in Seattle upheld a 2017 ruling by the U.S. Tax Court related to intangible assets that Amazon.com...

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