What is the consequence of a Member State providing benefits not available to local businesses?
Amazon Must Pay $294 Million in EU Tax Crackdown
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The video discusses the illegality of certain tax benefits under EU state aid rules, focusing on a tax ruling granted to Amazon by Luxembourg. This ruling reduced Amazon's tax bill over eight years, which was deemed unjustified. Amazon is now required to repay the tax benefits. The video emphasizes the importance of common European rules to ensure fair competition, preventing member states from giving unfair advantages to multinational companies over local businesses.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
How do the rules prevent distortion of competition?
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