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Amazon wins $1.5 billion tax case with IRS

Amazon.com won a case against the U.S. Internal Revenue Service (IRS), which had insisted on paying-off by the company additional taxes worth about $1.5 billion, according to The Wall Street Journal.

The U.S. Tax Court ruled that the IRS allowed itself to freely interpret a number of laws and abused its discretion in several episodes of the case, and refused to satisfy its demands.

The IRS insisted on increasing Amazon's tax base in the U.S. in 2005-2006, which would result in higher corporate tax to $1.5 billion plus interest. For the retailer that would be a significant amount - in 2016 its net profit was $2.37 billion with revenue of $136 billion.


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