EU court rejects an order for Amazon to pay back $300 million in taxes

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A sign at the Amazon.com, Inc. BHM1 fulfillment center is seen before sunrise on March 29, 2021 in Bessemer, Alabama.
Patrick T. Fallon | AFP | Getty Images

LONDON — The EU’s general court said Wednesday that the European Commission failed to prove that there was an illegal tax advantage given to Amazon in Luxembourg.

This comes after the Brussels-based institution ruled in 2017 that Luxembourg had granted undue tax benefits to the U.S. e-commerce giant of around 250 million euros ($330 million).

The European Commission and Amazon were not immediately available for comment when contacted by CNBC on Wednesday.

This is a breaking news story, please check back later for more.

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