Tag: Amazon

Online sellers are losing out to overseas competition on #Amazon

Online sellers are losing out to overseas competition on #Amazon

| September 20, 2019

This week, Belgian authorities cracked down on Chinese VAT fraudsters operating out of a Brussels airport. Using false invoices, the scammers were able to avoid paying VAT and then sell their products at a cut rate price online, undercutting their law-abiding competitors, writes Henry St. George This follows the news that, in the UK, MPs […]

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Antitrust: Commission opens investigation into possible anti-competitive conduct of #Amazon

Antitrust: Commission opens investigation into possible anti-competitive conduct of #Amazon

| July 17, 2019

The European Commission has opened a formal antitrust investigation to assess whether Amazon’s use of sensitive data from independent retailers who sell on its marketplace is in breach of EU competition rules. Amazon has a dual role as a platform: (i) it sells products on its website as a retailer; and (ii) it provides a […]

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#StateAid: Commission finds Luxembourg gave illegal tax benefits to #Amazon worth around €250 million

#StateAid: Commission finds Luxembourg gave illegal tax benefits to #Amazon worth around €250 million

The European Commission has concluded that Luxembourg granted undue tax benefits to Amazon of around €250 million. This is illegal under EU State aid rules because it allowed Amazon to pay substantially less tax than other businesses. Luxembourg must now recover the illegal aid. Commissioner Margrethe Vestager, in charge of competition policy, said “Luxembourg gave […]

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EU accepts #AmazonE-Book commitments to settle antitrust case

EU accepts #AmazonE-Book commitments to settle antitrust case

| May 4, 2017 | 0 Comments

The European Commission said on Thursday it had accepted commitments by U.S. online retailer Amazon (AMZN.O) to alter its e-book contracts with publishers to end an EU antitrust investigation, writes Philip Blenkinsop. Amazon, the biggest e-book distributor in Europe, proposed to drop some clauses in its contracts so publishers would not be forced to give it […]

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#Facebook to expand in #UK in latest vote of confidence after Brexit

#Facebook to expand in #UK in latest vote of confidence after Brexit

| November 21, 2016 | 0 Comments

Facebook said it would expand its UK presence by 50 percent in 2017, joining U.S. technology peer Google in boosting investment in Britain despite the uncertainty sparked by the vote to leave the European Union. Social network firm Facebook said it would hire 500 new staff, adding to the 1,000 people it already employs in […]

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#Google formally rejects EU #antitrust charges

#Google formally rejects EU #antitrust charges

| November 3, 2016 | 0 Comments

Google (GOOGL.O) on Thursday (3 November) formally rejected European Union antitrust charges of unfairly promoting its shopping service and blocking rivals in online search advertising, paving the way for EU regulators to rule next year on these issues and potentially impose hefty fines, writes Foo Yun Chee. The US technology giant’s rebuttal in the shopping […]

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#SiliconValley: Manfred Weber explains EU politics in Silicon Valley

#SiliconValley: Manfred Weber explains EU politics in Silicon Valley

“More Europe has, so far, always been the clear response in crisis situations. However, today we don’t need more or less Europe but a smarter Europe. We can do this by suggesting clever policies to fight the rising populism in Europe, for example, to combat short-term national egoisms and to offer a different orientation for […]

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